21 | 15 | | |
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22 | 16 | | AN ACT concerning 1 |
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23 | 17 | | |
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24 | 18 | | Condominiums and Homeowners Associations – Clarification 2 |
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25 | 19 | | |
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26 | 20 | | FOR the purpose of clarifying terminology in provisions relating to the proposed budget for 3 |
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27 | 21 | | a condominium and the appointment of a receiver for a homeowners association; and 4 |
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28 | 22 | | generally relating to condominiums and homeowners associations. 5 |
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29 | 23 | | |
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30 | 24 | | BY repealing and reenacting, with amendments, 6 |
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31 | 25 | | Article – Real Property 7 |
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32 | 26 | | Section 11–109.2(d) and 11B–111.5(a) 8 |
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33 | 27 | | Annotated Code of Maryland 9 |
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34 | 28 | | (2023 Replacement Volume and 2024 Supplement) 10 |
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35 | 29 | | |
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36 | 30 | | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 11 |
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37 | 31 | | That the Laws of Maryland read as follows: 12 |
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38 | 32 | | |
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39 | 33 | | Article – Real Property 13 |
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40 | 34 | | |
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41 | 35 | | 11–109.2. 14 |
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42 | 36 | | |
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43 | 37 | | (d) (1) The budget shall be adopted at an open meeting of the council of unit 15 |
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44 | 38 | | owners or any other body to which the council of unit owners delegates responsibilities for 16 |
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45 | 39 | | preparing and adopting the budget. 17 |
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49 | | - | (2) (i) The council of unit owners or other governing body of unit owners 1 |
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50 | | - | shall submit the adopted annual budget to the unit owners not more than 30 days after the 2 |
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51 | | - | meeting at which the budget was adopted. 3 |
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52 | | - | |
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53 | | - | (ii) The adopted annual budget may be submitted to each unit owner 4 |
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54 | | - | by electronic transmission, by posting on the condominium association’s home page, or by 5 |
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55 | | - | inclusion in the [homeowners] CONDOMINIUM association’s newsletter. 6 |
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56 | | - | |
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57 | | - | 11B–111.5. 7 |
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58 | | - | |
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59 | | - | (a) If a homeowners association fails to fill vacancies on the governing body 8 |
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60 | | - | sufficient to constitute a quorum in accordance with the bylaws, three or more owners of 9 |
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61 | | - | lots may petition the circuit court for the county where the [condominium] HOMEOWNERS 10 |
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62 | | - | ASSOCIATION is located to appoint a receiver to manage the affairs of the homeowners 11 |
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63 | | - | association. 12 |
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64 | | - | |
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65 | | - | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 13 |
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66 | | - | October 1, 2025. 14 |
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| 45 | + | (ii) The adopted annual budget may be submitted to each unit owner 21 |
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| 46 | + | by electronic transmission, by posting on the condominium association’s home page, or by 22 |
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| 47 | + | inclusion in the [homeowners] CONDOMINIUM association’s newsletter. 23 2 HOUSE BILL 615 |
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70 | | - | Approved: |
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71 | | - | ________________________________________________________________________________ |
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72 | | - | Governor. |
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73 | | - | ________________________________________________________________________________ |
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74 | | - | Speaker of the House of Delegates. |
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75 | | - | ________________________________________________________________________________ |
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76 | | - | President of the Senate. |
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| 51 | + | 11B–111.5. 1 |
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| 52 | + | |
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| 53 | + | (a) If a homeowners association fails to fill vacancies on the governing body 2 |
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| 54 | + | sufficient to constitute a quorum in accordance with the bylaws, three or more owners of 3 |
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| 55 | + | lots may petition the circuit court for the county where the [condominium] HOMEOWNERS 4 |
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| 56 | + | ASSOCIATION is located to appoint a receiver to manage the affairs of the homeowners 5 |
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| 57 | + | association. 6 |
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| 58 | + | |
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| 59 | + | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 7 |
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| 60 | + | October 1, 2025. 8 |
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