{"data":{"id":"us-md/md.-code-public-utilities-7-539","jurisdiction":"us-md","citation":"Md. Code, Public Utilities § 7–539","heading":"","body":"(a) An agreement by an electric company or assignee to transfer rate stabilization property that expressly states that the transfer is a sale or other absolute transfer signifies that:\n(1) the transaction is a true sale and is not a secured transaction; and\n(2) legal and equitable title has passed to the entity to which the rate stabilization property is transferred.\n(b) The status of the transfer as a true sale prevails regardless of any recourse the purchaser may have against the seller, or any other term of the parties’ agreement, including:\n(1) the seller’s retention of an equity interest in the rate stabilization property;\n(2) the fact that the electric company acts as the collector of qualified rate stabilization charges relating to the rate stabilization property; and\n(3) the treatment of the transfer as a financing for tax, financial reporting, or other purposes.","path":["Article - Public Utilities"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gpu\u0026section=7-539","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:00:28Z","sha256":"d2ff77b5cd8778193e7e96b4416f7c8713199b2770a491e32788b5a17c9ba3b0","source_id":"us-md","stale":false,"prev":"us-md/md.-code-public-utilities-7-538","next":"us-md/md.-code-public-utilities-7-540"},"notice":"GroundRules: Original legal text. Not legal advice."}