2168 LAWS OF MARYLAND [Ch. 641
PHONE NUMBER
I HEREBY AFFIRM UNDER PENALTIES OF PERJURY THAT THE
INFORMATION CONTAINED IN THE FOREGOING STATEMENT OF
CONDOMINIUM LIEN IS TRUE AND CORRECT TO THE BEST OF MY
KNOWLEDGE, INFORMATION AND BELIEF.
OFFICER (OR AGENT)
11-111. REPAIR OR RECONSTRUCTION.
(A) THE DECLARATION OR BY-LAWS MAY PROVIDE FOR THE
REPAIR OR RECONSTRUCTION OF A CONDOMINIUM IN THE EVENT OF
DAMAGE TO ALL OR PART OF THE CONDOMINIUM, FOR INSURANCE
COVERAGE ON THE CONDOMINIUM BY THE COUNCIL OF UNIT OWNERS
AND BY THE INDIVIDUAL UNIT OWNERS, AND FOR THE ALLOCATION
OF AVAILABLE INSURANCE PROCEEDS TO REPAIR OR
RECONSTRUCTION.
(B) (1) UNLESS OTHERWISE PROVIDED IN THE
DECLARATION OR BY-LAWS, IN THE EVENT OF DAMAGE TO OR
DESTRUCTION OF A CONDOMINIUM, THE COUNCIL OF UNIT OWNERS
PROMPTLY SHALL UNDERTAKE TO REPAIR OR RECONSTRUCT IT, AND
ALL COST OF THE REPAIR OR RECONSTRUCTION III EXCESS OF
AVAILABLE INSURANCE PROCEEDS SHALL BE A COMMON EXPENSE.
(2) HOWEVER, IF THE CONDOMINIUM IS DAMAGED TO
THE EXTENT OF TWO-THIRDS OF ITS THEN REPLACEMENT COST,
THE CONDOMINIUM SHALL BE SUBJECT TO AN ACTION FOR
PARTITION AT THE SUIT OF ANY UNIT OWNER AS IF OWNED IN
COMMON. IN THIS CASE, THE NET PROCEEDS OF SALE TOGETHER
WITH ANY NET PROCEEDS OF INSURANCE SHALL BE CONSIDERED AS
ONE FUND AND SHALL BE DIVIDED AMONG ALL UNIT OWNERS IN
PROPORTION TO THEIR PERCENTAGE INTERESTS IN THE COMMON
ELEMENTS, AND SHALL BE DISTRIBUTED IN ACCORDANCE WITH THE
PRIORITY OF INTERESTS IN EACH UNIT.
11-112. EMINENT DOMAIN.
(A) IN THIS SECTION, THE TERM "TAKING UNDER THE
POWER OF EMINENT DOMAIN" INCLUDES ANY SALE IN SETTLEMENT
OF ANY PENDING OR THREATENED CONDEMNATION PROCEEDING.
(B) THE DECLARATION OR BY-LAWS MAY PROVIDE FOR AN
ALLOCATION OF ANY AWARD FOR A TAKING UNDER THE POWER OF
EMINENT DOMAIN OF ALL OR A PART OF THE CONDOMINIUM. THE
DECLARATION OR BY-LAWS ALSO MAY PROVIDE FOR (1)
REAPPORTIONMENT OR OTHER CHANGE OF THE PERCENTAGE
INTERESTS APPURTENANT TO EACH UNIT REMAINING AFTER ANY
TAKING; (2) THE REBUILDING, RELOCATION, OR RESTORATION OF
ANY IMPROVEMENTS SO TAKEN IN WHOLE OR IN PART; AND (3)
THE TERMINATION OF THE CONDOMINIUM REGIME FOLLOWING ANY
TAKING.
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