§ 11-109.3. Quorum requirements and appointment of receiver
West's Annotated Code of MarylandReal PropertyEffective: October 1, 2007
Effective: October 1, 2007
MD Code, Real Property, § 11-109.3
§ 11-109.3. Quorum requirements and appointment of receiver
(a) If the council of unit owners fails to fill vacancies on the board of directors sufficient to constitute a quorum in accordance with the bylaws, three or more unit owners may petition the circuit court for the county where the condominium is located to appoint a receiver to manage the affairs of the council of unit owners.
(b)(1) At least 30 days before petitioning the circuit court, the unit owners acting under the authority granted by subsection (a) of this section shall mail to the council of unit owners a notice describing the petition and the proposed action.
(c) If the council of unit owners fails to fill vacancies sufficient to constitute a quorum within the notice period, the unit owners may proceed with the petition.
(d) A receiver appointed by a court under this section may not reside in or own a unit in the condominium governed by the council of unit owners.
(e)(1) A receiver appointed under this section shall have all powers and duties of a duly constituted board of directors.
Credits
Added by Acts 2007, c. 321, § 1, eff. Oct. 1, 2007.
MD Code, Real Property, § 11-109.3, MD REAL PROP § 11-109.3
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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