| | | 3.__Limitation.__Except as provided in this chapter, a working | | waterfront covenant is unlimited in duration unless a change of | | circumstances renders the working waterfront covenant no longer | | in the public interest as determined in an action under section | | 133, subsection 2. |
|
| | | 4.__Filing.__A working waterfront covenant must be recorded in | | the County Registry of Deeds, and a copy of the covenant must be | | filed with the Executive Department, State Planning Office | | together with a map showing with specificity the location of the | | affected real estate on the form or forms that the State Planning | | Office requires. |
|
| | | 5.__Other interest.__An interest in real property in existence | | at the time a working waterfront covenant is created is not | | affected by the covenant unless the owner of the interest is a | | party to the covenant or consents to the covenant. |
|
| | | 6.__Right to enter land.__The instrument creating a working | | waterfront covenant must provide for the right by the qualified | | holder to enter the real property to ensure compliance. |
|
| | | 1.__Owners; qualified holders.__An action affecting a working | | waterfront covenant may be brought or intervened in by: |
|
| | | A.__An owner of an interest in the real property burdened by | | the covenant; |
|
| | | B.__A qualified holder of the benefit of the working | | waterfront covenant; |
|
| | | C.__The municipality in which the real property burdened by | | the covenant is located; or |
|
| | | D.__The Attorney General. |
|
| | | 2.__Power of court.__The court has the following powers. |
|
| | | A.__The court may enforce a working waterfront covenant by | | injunction or other proceeding at law or in equity. |
|
| | | B.__Acting in accordance with charitable trust principles, the | | court may modify, terminate or deny equitable enforcement of a | | working waterfront covenant in an action brought by a party | | pursuant to subsection 1.__In taking such an action, the court | | must find that, due to a change in circumstance, the covenant no | | longer serves the public interest in protecting or enhancing the | | commercial marine |
|
|