§ 10-402
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/md/real-property/10-402A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–402.
A recorded instrument, recorded modification, or any amendment of a recorded instrument or recorded modification creating an option to purchase property, or any memorandum of option recorded under § 3-101(f) of this article ceases to be actual or constructive notice to any person or to put any person on inquiry as to existence or exercise of the option, if:
(1)The instrument according to its terms has expired;
(2)One year has elapsed since the time of expiration; and
(3)No grant or other instrument has been recorded showing that the option has been exercised.