(a) An environmental covenant may be amended or terminated by consent only if the amendment or termination is signed by:
(1) The Agency;
(2) Unless waived by the Agency, the current owner of the fee simple of the real property subject to the covenant;
(3) Each person that originally signed the covenant, unless:
(i) The person waived in a signed record the right to consent; or
(ii) A court finds that the person no longer exists or cannot be located or identified with the exercise of reasonable diligence; and
(4) Except as otherwise provided in subsection (d)(2) of this section, the holder.
(b) If an interest in real property is subject to an environmental covenant, the interest is not affected by an amendment of the covenant unless the current owner of the interest consents to the amendment or has waived in a signed record the right to consent to amendments.
(c) Except for an assignment undertaken in accordance with a governmental reorganization, assignment of an environmental covenant to a new holder shall be considered to be an amendment of the covenant.
(d) Except as otherwise provided in an environmental covenant:
(1) A holder may not assign its interest without consent of the other parties; and
(2) A holder may be removed and replaced by agreement of the other parties specified in subsection (a) of this section.
(e) A court of competent jurisdiction may fill a vacancy in the position of holder.
Structure Maryland Statutes
Title 1 - Definitions; General Provisions; Enforcement
Subtitle 8 - Maryland Uniform Environmental Covenants Act
Section 1-802 - Covenants in General
Section 1-804 - Nature of Covenant
Section 1-805 - Effect on Zoning and Other Laws
Section 1-806 - Distribution of Copies of Covenants
Section 1-808 - Perpetual Nature of Covenant
Section 1-809 - Amendment or Termination of Covenant
Section 1-812 - Effect on Electronic Signatures in Global and National Commerce Act