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§ 11B-111.5. Appointment of receiver to manage homeowners association

West's Annotated Code of MarylandReal PropertyEffective: October 1, 2007

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 11b. Maryland Homeowners Association Act (Refs & Annos)
Effective: October 1, 2007
MD Code, Real Property, § 11B-111.5
§ 11B-111.5. Appointment of receiver to manage homeowners association
Currentness
Failure to fill vacancies on governing body to constitute quorum
(a) If a homeowners association fails to fill vacancies on the governing body sufficient to constitute a quorum in accordance with the bylaws, three or more owners of lots may petition the circuit court for the county where the condominium is located to appoint a receiver to manage the affairs of the homeowners association.
Notice of petition to appoint receiver
(b)(1) At least 30 days before petitioning the circuit court, the lot owners acting under the authority granted by subsection (a) of this section shall mail to the governing body a notice describing the petition and the proposed action.
(2) The lot owners shall mail a copy of the notice to the owner of each lot in the development.
Failure to fill vacancies during notice period
(c) If the governing body fails to fill vacancies sufficient to constitute a quorum within the notice period, the lot owners may proceed with the petition.
Receiver prohibited from living or owning lot in development
(d) A receiver appointed by a court under this section may not reside in or own a lot in the development governed by the homeowners association.
Powers and duties of receiver
(e)(1) A receiver appointed under this section shall have all powers and duties of a duly constituted governing body.
(2) The receiver shall serve until the homeowners association fills vacancies on the governing body sufficient to constitute a quorum.
Salary of receiver, court costs, and attorney’s fees
(f) The salary of the receiver, court costs, and reasonable attorney's fees are expenses of the homeowners association.

Credits

Added by Acts 2007, c. 321, § 1, eff. Oct. 1, 2007.
MD Code, Real Property, § 11B-111.5, MD REAL PROP § 11B-111.5
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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