Section 1-209 - Filing charter amendment on cessation of family farm(a) In this section, "family farm" means an entity that:(1) Is a domestic entity;(2)(i)1. Owns, or within 1 year after filing articles of incorporation, articles of organization, or a certificate of partnership, will own or take control of property that qualifies for agricultural use assessment under § 8-209 of the Tax - Property Article; and2. Owns only agriculturally or residentially assessed real property and personal property that is used for agricultural purposes; or(ii) Owns only personal property that is used for agricultural or agricultural marketing purposes;(3) Is controlled, managed, and operated by: (i) One individual who has an equity interest in the entity; or(ii) Two or more individuals who have an equity interest in the entity and who share its assets and earnings;(4) Is declared in a charter provision to be a family farm; and(5) Has no assets other than those described in item (2) of this subsection.(b) Within 1 year after selling all of the property described in subsection (a)(2) of this section, an individual shall file a charter amendment stating that the entity is no longer a family farm.