HARRY HUGHES, Governor

1483

(2) IF THE SECRETARY OF STATE MAKES A FAVORABLE
DETERMINATION, THE SECRETARY SHALL ISSUE PROMPTLY AN ORDER
REGISTERING THE CONDOMINIUM. OTHERWISE, UNLESS THE
DEVELOPER HAS CONSENTED IN WRITING TO A DELAY NOT TO EXCEED
30 DAYS, THE SECRETARY SHALL ISSUE PROMPTLY AN ORDER
REJECTING REGISTRATION. THE ORDER SHALL INCLUDE THE
SPECIFIC REASONS FOR THE REJECTION. THE SECRETARY'S
FAILURE TO ISSUE ANY ORDER WITHIN 45 DAYS OF RECEIPT OR
WITHIN THE TIME PERIOD AGREED UPON SHALL BE DEEMED AN
APPROVAL OF THE CONDOMINIUM. REJECTION OF AN APPLICATION FOR
REGISTRATION BY THE SECRETARY OF STATE MAY NOT ACT AS A BAR
TO REAPPLICATION FOR REGISTRATION. AN APPLICATION AMENDED
TO COMPLY WITH THE STATED REASONS FOR REJECTION AND
ACCOMPANIED BY AN ADDITIONAL FEE AS PROVIDED IN SUBSECTION
(B) SHALL BE APPROVED BY THE SECRETARY OF STATE UPON HIS
DETERMINATION THAT THE AMENDED APPLICATION SATISFIES THE
REQUIREMENTS OF THIS SECTION.

(D)  (1) DURING ANY PERIOD OF CONTROL OF THE

CONDOMINIUM BY THE DEVELOPER WHILE THE DEVELOPER RETAINS
OWNERSHIP OF UNITS IN THE CONDOMINIUM, HE SHALL FILE A
REPORT WITH THE SECRETARY OF STATE WITH WITHIN 30 DAYS OF
EACH ANNIVERSARY DATE OF THE ORDER REGISTERING THE
CONDOMINIUM. THE REPORT SHALL REFLECT ANY MATERIAL CHANGES
IN INFORMATION CONTAINED IN THE ORIGINAL APPLICATION FOR
REGISTRATION.

(2) IF THE ANNUAL REPORT REVEALS THAT ALL OF THE
UNITS IN THE CONDOMINIUM HAVE BEEN CONVEYED TO UNIT OWNERS
OTHER THAN THE DEVELOPER, AND THAT THE DEVELOPER CANNOT ADD
ADDITIONAL UNITS TO THE CONDOMINIUM, THE SECRETARY OF STATE
SHALL ISSUE AN ORDER TERMINATING THE REGISTRATION OF THE
CONDOMINIUM.

(E)  THE SECRETARY OF STATE SHALL BE RESPONSIBLE FOR
THE ADMINISTRATION OF THIS SECTION.

(1)  THE SECRETARY MAY ADOPT, AMEND, AND REPEAL
REGULATIONS NECESSARY TO CARRY OUT THE REQUIREMENTS OF THE
PROVISIONS OF THIS SECTION.

(2)  THE SECRETARY MAY PRESCRIBE FORMS AND
PROCEDURES FOR SUBMITTING APPLICATIONS.

11-128.

(A) THE SECRETARY OF STATE SHALL BE GENERALLY

RESPONSIBLE FOR THE ADMINISTRATION OF THIS TITLE AND SHALL
HAVE THE FOLLOWING POWERS AND DUTIES:

(1) THE SECRETARY MAY ADOPT, AMEND, AND REPEAL
REGULATIONS CONSISTENT WITH AND IN FURTHERANCE OF THIS
TITLE;

(2) THE SECRETARY MAY PRESCRIBE FORMS AND

PROCEDURES FOR SUBMITTING INFORMATION;