§ 5-6B-11. Deposits held in escrow
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 5-6B-11
§ 5-6B-11. Deposits held in escrow
Deposits taken in connection with the sale by a developer of cooperative interests with respect to units intended for residential use shall be deposited or held in an escrow account in the same manner as provided in § 10-301 of the Real Property Article in the case of sales of new, uncompleted single family units, unless a corporate surety bond is obtained and maintained as provided in § 10-301 of the Real Property Article.
Credits
Added by 1986, c. 833, 834.
MD Code, Corporations and Associations, § 5-6B-11, MD CORP & ASSNS § 5-6B-11
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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