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municipality must file its conflicting definition at the | | county registry of deeds by June 30, 2003 for the definition | | to remain valid for the grace period ending January 1, 2006. | | A filing required under this paragraph must be collected and | | indexed in a separate book in the registry of deeds for the | | county in which the municipality is located. |
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| | | H-2.__A municipality that has adopted a comprehensive plan | | under subchapter 2, article 2 may enforce an ordinance that | | defines "subdivision" as the division of a tract or parcel | | of land into 2 or more lots within a 5-year period that | | begins on or after September 23, 1971, as long as that | | definition was enacted prior to July 25, 1992. |
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| | | I. The grant of a bona fide security interest in an entire | | lot that has been exempted from the definition of | | subdivision under paragraphs D-1 to D-6, or subsequent | | transfer of that entire lot by the original holder of the | | security interest or that person's successor in interest, | | does not create a lot for the purposes of this definition, | | unless the intent of the transferor is to avoid the | | objectives of this subchapter. |
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| | | Emergency clause. In view of the emergency cited in the preamble, | | this Act takes effect when approved. |
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| | | This bill provides that a municipality that has adopted a | | comprehensive plan may enforce an ordinance that defines | | "subdivision" as the creation of 2 or more lots within a 5-year | | period. |
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