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Terms Used In Maryland Code, PUBLIC UTILITIES 6-305

  • Appraisal: A determination of property value.
A utility valuation expert may not:

(1) derive any material financial benefit from the sale of the selling utility other than fees for services rendered; or

(2) be an immediate family member of a director, an officer, or an employee of either the acquiring entity or the selling utility within 12 months before the date of hiring to perform an appraisal under this subtitle.