§ 11B-116. Amendments to governing documents
West's Annotated Code of MarylandReal PropertyEffective: October 1, 2020
Effective: October 1, 2020
MD Code, Real Property, § 11B-116
§ 11B-116. Amendments to governing documents
(b) This section does not apply to a homeowners association that issues bonds or other long-term debt secured in whole or in part by annual charges assessed in accordance with a declaration, or to a village community association affiliated with the homeowners association.
(c) Notwithstanding the provisions of a governing document, a homeowners association may amend the governing document by the affirmative vote of lot owners in good standing having at least 60% of the votes in the development, or by a lower percentage if required in the governing document.
Amendment of governing document containing provision requiring action on part of holder of mortgage or deed of trust
(d)(1)(i) Except as provided in paragraph (2) of this subsection, if a governing document contains a provision requiring any action on the part of the holder of a mortgage or deed of trust on a lot in order to amend the governing document, that provision shall be deemed satisfied if the procedures under this paragraph are satisfied.
Credits
Added by Acts 2008, c. 144, § 2, eff. Oct. 1, 2008; Acts 2008, c. 145, § 2, eff. Oct. 1, 2008. Amended by Acts 2017, c. 480, § 1, eff. Oct. 1, 2017; Acts 2020, c. 32, § 1, eff. Oct. 1, 2020; Acts 2020, c. 33, § 1, eff. Oct. 1, 2020; Acts 2020, c. 218, § 1, eff. Oct. 1, 2020; Acts 2020, c. 219, § 1, eff. Oct. 1, 2020.
MD Code, Real Property, § 11B-116, MD REAL PROP § 11B-116
Current with legislation effective through July 1, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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