Ch. 5

LAWS OF MARYLAND

(1)  Except as provided in paragraph (2) OF THIS
SUBSECTION, the respective interests of unit owners are the fair
market values of their units, limited common elements, and common
element interests immediately before the termination, as
determined by one or more independent appraisers selected by the
council of unit owners. The decision of the independent
appraisers shall be distributed to the unit owners and becomes
final unless disapproved within 30 days after distribution by
unit owners of units to which 25 percent of the votes are
allocated. The proportion of any unit owner's interest to that
of all unit owners is determined by dividing the fair market
value of that unit owner's unit and common element interest by
the total fair market values of all the units and common
elements.

(2)   If any unit or any limited common element is
destroyed to the extent that an appraisal of the fair market
value thereof prior to destruction cannot be made, the interests
of all unit owners are their respective common element interests
immediately before the termination.

DRAFTER'S NOTE:

Error: Stylistic errors in § ll-123(a), (c), (d),
(e), and (f) of the Real Property Article.

Occurred: The error in subsection (a) occurred in Ch.
836, Acts of 1982.

The errors in subsections (c), (d), (e), and (f)
occurred in Ch. 246, Acts of 1981.

11-124.

(c) The declaration, bylaws, and condominium plat shall be
construed together and shall be deemed to incorporate one another
to the extent that any requirement of this title as to the
content of one shall be deemed satisfied if the deficiency can be
cured by reference to any of the others. Any provision required
by this title may be amended only in accordance with the
requirements for amendment applicable to the instrument in which,
absent this subsection [(c)], it is required to be contained.

DRAFTER'S NOTE:

Error: Stylistic error in § ll-124(c) of the Real
Property Article.

Occurred: Ch. 348, Acts of 1976.

11-126.

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