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Ch. 321
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2007 Laws of Maryland
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owners to petition a certain circuit court to appoint a an independent receiver
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under the Maryland Homeowners Association Act under curtain certain
circumstances; requiring certain petitioners to mail a copy of a certain petition
and a certain notice to all lot owners; requiring certain petitioners to post a
certain notice in a certain manner; providing that a certain circuit court may
appoint a certain receiver after a hearing; providing that a certain receiver shall
have certain powers and duties; providing for the term of service of a receiver;
not less than a certain number of unit owners to petition a certain circuit court to
appoint a receiver if a council of unit owners fails to fill certain vacancies on the
board of directors under the Maryland Condominium Act: requiring the unit
owners to mail a certain notice; requiring the unit owners to post a certain notice
in a certain manner; providing that the unit owners may proceed with the
petition under certain circumstances: providing that a certain receiver may not
reside in or own a unit in a certain condominium; providing that a certain
receiver shall have certain powers and duties; providing for the term of service of
a receiver; providing that the salary of a certain receiver, certain court costs, and
certain attorney's fees are common expenses; authorizing not less than a certain
number of owners of certain lots to petition a certain circuit court to appoint a
receiver if a homeowners association fails to fill certain vacancies on the
governing body under the Maryland Homeowners Association Act; requiring the
lot owners to mail a certain notice: providing that the lot owners may proceed
with the petition under certain circumstances; providing that a certain receiver
may not reside in or own a lot in a certain development; providing that the
salary of a certain receiver, certain court costs, and certain attorney's fees are
expenses of a homeowners association; and generally relating to the
appointment of a an independent a receiver for a condominium or a
homeowners association.
BY adding to
Article - Real Property
Section 11-109.3 and 11B-111.5
Annotated Code of Maryland
(2003 Replacement Volume and 2006 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Real Property
11-109.3.
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- 2042 -
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