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Session Laws, 1974
Volume 713, Page 399   View pdf image
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MARVIN MANDEL, Governor                                   399

CORPORATIONS. THE DEPARTMENT SHALL KEEP AN INDEX OF SUCH
RESIDENT AGENTS. THE RESIDENT AGENT MAY FROM TIME TO
TIME BE CHANGED BY THE PROPER AUTHORITY OF THE REGIME IN
THE SAME MANNER AND TO THE SAME EXTENT AS RESIDENT AGENTS
ARE NOW REPLACED FOP CORPORATIONS.

(B)   ACTIONS MAY BE BROUGHT BY SERVICE ON THE
RESIDENT AGENT IN ACTIONS AGAINST ANY TWO OR MORE UNIT
OWNERS WHICH ARISE THROUGH THEIR OWNERSHIP OF SUCH UNITS
OR ARISE THROUGH ANY CAUSE RELATING TO THE COMMON
ELEMENTS OR OF MORE THAN ONE UNIT.

(C)  ACTIONS MAY BE BROUGHT ON BEHALF OF TWO OR MORE
UNIT OWNERS AS THEIR RESPECTIVE INTERESTS MAY APPEAR BY
THE MANAGER OR BOARD OF DIRECTORS OF THE REGIME WITH
RESPECT TO ANY CAUSE OF ACTION RELATING TO THE COMMON
ELEMENTS OR MORE THAN ONE UNIT.

(D)  IN THE EVENT OF ENTRY OF A FINAL JUDGMENT AS A
LIEN AGAINST TWO OR MORE UNIT OWNERS THE UNIT OWNERS OF
THE SEPARATE UNITS MAY REMOVE THEIR UNIT AND THEIR
PERCENTAGE INTEREST IN THE COMMON ELEMENTS FROM THE LIEN
THEREOF BY PAYMENT OF THE FRACTIONAL PROPORTIONAL AMOUNTS
ATTRIBUTABLE TO EACH OF THE UNITS AFFECTED, SUCH
INDIVIDUAL PAYMENT SHALL BE COMPUTED BY REFERENCE TO THE
PERCENTAGE OF INTEREST ESTABLISHED FOR EACH UNIT IN THE
MASTER DEED OR DECLARATION. UPON SUCH PARTIAL PAYMENT,
PARTIAL DISCHARGE OR RELEASE, OR OTHER SATISFACTION, THE
UNIT AND ITS PERCENTAGE INTEREST IN THE COMMON ELEMENTS
SHALL THEREAFTER BE FREE AND CLEAR OF THE LIEN OF SUCH
JUDGMENT.

(E)  ANY PARTIAL PAYMENT, SATISFACTION, OR DISCHARGE,
SHALL NOT PREVENT A JUDGMENT CREDITOR FROM PROCEEDING TO
ENFORCE HIS RIGHTS AGAINST ANY OTHER UNIT AND ITS
PERCENTAGE INTEREST IN THE COMMON ELEMENTS NOT SO PAID,
SATISFIED OR DISCHARGED.

11-124. MECHANICS' AND MATERIALMEN'S LIENS.

(A) THE LIEN OF MECHANICS AND MATERIALMEN AS NOW
PROVIDED BY LAW SHALL APPLY TO PROPERTY CONSTITUTED INTO
THE HORIZONTAL PROPERTY REGIME PROVIDED THAT REPAIR OR
IMPROVEMENT LIENS OF A SINGLE CONDOMINIUM UNIT SHALL
SUBJECT ONLY SUCH UNIT TO A LIEN. REPAIRS, CONSTRUCTION,
IMPROVEMENTS, OR ADDITIONS TO TWO OR MORE UNITS, OR TO
THE COMMON ELEMENTS, WHICH ARE SUFFICIENT IN VALUE TO
SUBJECT THE SAME TO MECHANICS' LIENS AS NOW OR HEREAFTER
PRESCRIBED BY LAW SHALL SUBJECT THE INTEREST OF THE
CO-OWNERS TO A LIEN ONLY TO THE EXTENT OF THEIR
PERCENTAGE INTEREST THEREIN. REQUIRED NOTICES OF SUCH
LIEN SHALL BE SERVED ON THE RESIDENT AGENT AS PRESCRIBED
IN § 11-123 OF THIS TITLE.

 

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Session Laws, 1974
Volume 713, Page 399   View pdf image
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