Home Table of Contents

§ 5-6B-11. Deposits held in escrow

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 5. Special Types of Corporations (Refs & Annos)
Subtitle 6b. Maryland Cooperative Housing Corporation Act (Refs & Annos)
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

Acts 1986, c. 833, 834.
MD Code, Corporations and Associations, § 5-6B-11, MD CORP & ASSNS § 5-6B-11
Current through all legislation from the 2017 Regular Session of the General Assembly
End of Document© 2017 Thomson Reuters. No claim to original U.S. Government Works.