3290

LAWS OF MARYLAND

Ch. 834

(C) ON REQUEST OF A SECURED PARTY, THE COOPERATIVE HOUSING
CORPORATION SHALL NOTE ON ITS BOOKS AND RECORDS THE INTEREST OF
THE SECURED PARTY IN THE COOPERATIVE INTEREST.

5-6B-18.

(A)  EXCEPT AS OTHERWISE PROVIDED IN THE ARTICLES OF
INCORPORATION OR BYLAWS, THE VOTES IN A COOPERATIVE HOUSING
CORPORATION SHALL BE ASSIGNED SO THAT EACH UNIT HAS ONE VOTE.

(B)  COOPERATIVE HOUSING CORPORATIONS SHALL NOT ENGAGE IN
MERGERS OR CONSOLIDATIONS IF SUCH ACTION IS UNDERTAKEN FOR THE
PURPOSE OF CIRCUMVENTING §§ 5-6B-02 THROUGH 5-6B-12 OF THIS
SUBTITLE.

5-6B-19.

(A)  (1) EXCEPT AS PROVIDED IN §§ 5-6B-08 THROUGH 5-6B-10
AND § 5-6B-12 OF THIS SUBTITLE, THE PROVISIONS OF THIS SUBTITLE
ARE STATEWIDE IN THEIR EFFECT.

(2) EXCEPT AS PROVIDED IN THIS SUBTITLE, A COUNTY,
CITY, OR OTHER JURISDICTION MAY NOT ENACT ANY LAW, ORDINANCE, OR
REGULATION WHICH WOULD IMPOSE A BURDEN OR RESTRICTION ON A
COOPERATIVE HOUSING CORPORATION THAT IS NOT IMPOSED ON ALL OTHER
PROPERTY OF SIMILAR CHARACTER NOT A COOPERATIVE HOUSING
CORPORATION. ANY SUCH LAW, ORDINANCE, OR REGULATION IS PREEMPTED
BY THE SUBJECT AND MATERIAL OF THIS TITLE AND IS VOID.

(B)  THE PROVISIONS OF ALL LAWS, ORDINANCES, AND REGULATIONS
CONCERNING BUILDING CODES OR ZONING SHALL HAVE FULL FORCE AND
EFFECT TO THE EXTENT THAT THEY APPLY TO PROPERTY WHICH IS A
COOPERATIVE HOUSING CORPORATION AND SHALL BE CONSTRUED AND
APPLIED WITH REFERENCE TO THE OVERALL NATURE AND USE OF THE
PROPERTY WITHOUT REGARD TO THE FORM OF OWNERSHIP. A LAW,
ORDINANCE, OR REGULATION CONCERNING BUILDING CODES OR ZONING MAY
NOT ESTABLISH ANY REQUIREMENT OR STANDARD GOVERNING THE USE,
LOCATION, PLACEMENT, OR CONSTRUCTION OF ANY LAND AND IMPROVEMENTS
WHICH COMPRISE A COOPERATIVE PROJECT, UNLESS THE REQUIREMENT OR
STANDARD IS UNIFORMLY APPLICABLE TO ALL LAND AND IMPROVEMENTS OF
THE SAME KIND OR CHARACTER NOT COMPRISING COOPERATIVE PROJECTS.

5-6B-20.

(A)  (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS
SUBSECTION, THIS SUBTITLE IS APPLICABLE TO ALL COOPERATIVE
HOUSING CORPORATIONS.

(2) THE ARTICLES OF INCORPORATION, BYLAWS, MEMBERSHIP
CERTIFICATES, OR PROPRIETARY LEASES OF A COOPERATIVE HOUSING
CORPORATION ESTABLISHED BEFORE JULY 1,1986 NEED NOT BE AMENDED TO
COMPLY WITH THE REQUIREMENTS OF THIS SUBTITLE.

(B)  SECTION 5-6B-02 SHALL APPLY TO THE INITIAL SALE OF
COOPERATIVE INTERESTS BEING OFFERED FOR SALE ON OR AFTER JULY 1,