reglab/housing_qa huggingface dataset:
MD. Corporations and Associations Code Ann. §  5-6B-10 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-10 - Actions by Local Governments to Protect Consumers From Displacement During Rental Housing Emergency

    (a)    The intent of the General Assembly of Maryland is to facilitate the orderly development of cooperative housing corporations in Maryland. The General Assembly recognizes, however, that the conversion of residential rental facilities to cooperative housing corporations or condominiums can have an adverse impact on the availability of rental units, resulting in the displacement of tenants.    (b)    A county or incorporated municipality may, by legislative finding, recognize and declare that a rental housing emergency exists in all or a part of its jurisdiction and has been caused by the conversion of residential rental facilities. Any legislative finding shall exist for one year, subject to any extensions for periods of one year at a time. The jurisdiction shall consider and make findings as to:        (1)    The nature and incidence of conversions of residential rental facilities;        (2)    The resulting hardship to and displacement of tenants; and        (3)    The scarcity of rental housing.    (c)    Upon the finding and declaration of a rental housing emergency caused by the conversion of rental housing, a county or an incorporated municipality may by the enactment of laws, ordinances, and regulations, take the following actions to meet the emergency:        (1)    Grant to a designated family as defined in § 5-6B-07 of this subtitle a right to an extended lease for a period in addition to that period provided for in § 5-6B-07 of this subtitle. The right to an extended lease may not, in any event, result in a requirement that a developer set aside for an extended lease more than 20 percent of the total number of units.        (2)    Otherwise extend the provisions of § 5-6B-07 of this subtitle except that:            (i)    More than 20 percent of the total number of units may not be required to be set aside; and            (ii)    The term of an extended lease for a family made a designated family by a county or an incorporated municipality may not exceed 3 years.        (3)    Require that the notice required to be given under § 5-6B-05 of this subtitle be altered to disclose the effects of any actions taken under this section.    (d)    Within 10 days after the enactment of a law, ordinance, or regulation under this section, a county or incorporated municipality shall forward a copy of the law, ordinance, or regulation to the Secretary of State.
MD. Corporations and Associations Code Ann. §  5-6B-11 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-11 - Deposits Made on Sale of Cooperative Interests Held in Escrow

    Deposits taken in connection with the sale by a developer of cooperative interests with respect to units intended for residential use shall be deposited or held in an escrow account in the same manner as provided in § 10-301 of the Real Property Article in the case of sales of new, uncompleted single family units, unless a corporate surety bond is obtained and maintained as provided in § 10-301 of the Real Property Article.
MD. Corporations and Associations Code Ann. §  5-6B-12 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-12 - Consumer Protection Standards and Enforcement

    (a)    This section is intended to provide minimum standards for the protection of consumers in the State.    (b)    (1)    For purposes of this section, “consumer” means an actual or prospective purchaser, lessee, assignee, or transferee of a cooperative interest with respect to a residential unit.        (2)    “Consumer” includes a co–obligor or surety for a consumer.    (c)    (1)    To the extent that a violation of a provision of this subtitle affects a consumer, that violation shall be within the scope of the enforcement duties and powers of the Division of Consumer Protection of the Office of the Attorney General, as described in Title 13 of the Commercial Law Article.        (2)    The provisions of this subtitle shall otherwise be enforced by each agency of the State within the scope of its authority.    (d)    A county or incorporated municipality, or an agency of one of those jurisdictions, may adopt laws or ordinances for the protection of a consumer to the extent and in the manner provided for under § 13–103 of the Commercial Law Article.    (e)    Within 30 days after the effective date of a law, ordinance, or regulation enacted under this section which is expressly applicable to cooperative housing corporations, the local jurisdiction shall forward a copy of the law, ordinance, or regulation to the Secretary of State.
MD. Corporations and Associations Code Ann. §  5-6B-13 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-13 - Cooperative Interests Not Security or Investment Security

    (a)    A cooperative interest is not a security under the Maryland Securities Act.    (b)    The provisions of Title 8 of the Commercial Law Article where consistent with this article shall apply to membership certificates in cooperative housing corporations.
MD. Corporations and Associations Code Ann. §  5-6B-14 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-14 - Restraints of Trade

    The fact that economic activity is organized under this subtitle may not cause the activity to be deemed a conspiracy or combination in restraint of trade or an illegal monopoly, or an attempt to lessen competition or fix prices arbitrarily.
MD. Corporations and Associations Code Ann. §  5-6B-15 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-15 - Applicability of General Corporation Law

    To the extent not inconsistent with this subtitle, the provisions of this article applicable to stock and nonstock corporations shall apply to all cooperative housing corporations.
MD. Corporations and Associations Code Ann. §  5-6B-16 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-16 - Cooperative Interest Deemed Personal Property

    (a)    A cooperative interest is personal property and, after receipt by the cooperative housing corporation of any outstanding membership certificate and proprietary lease with respect to that cooperative interest, that cooperative interest shall be transferred by appropriate notation made on the books and records of the cooperative housing corporation and the execution and delivery to the transferee by the cooperative housing corporation of a membership certificate and proprietary lease, if any.    (b)    The possessory interest evidenced by a proprietary lease is a part of and may not be severed from the cooperative interest evidenced by the membership certificate.
MD. Corporations and Associations Code Ann. §  5-6B-17 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-17 - Perfection of Security Interests and Cooperative Interests

    (a)    Except as provided in subsection (b) of this section, a security interest in a cooperative interest shall attach, be perfected, and be enforceable as provided in Title 9 of the Commercial Law Article.    (b)    The security interest may be perfected by the secured party’s taking possession of the membership certificate or by filing a financing statement as provided in Title 9 of the Commercial Law Article.    (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.
MD. Corporations and Associations Code Ann. §  5-6B-18 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-18 - Assignment of Votes

    (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.
MD. Corporations and Associations Code Ann. §  5-6B-20 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-20 - Distribution of Written Information

    (a)    This section does not apply to the distribution of information or materials at any time before the members, other than the developer, have a majority of votes in the cooperative housing corporation.    (b)    Subject to subsection (c) of this section, a cooperative housing corporation shall allow any member to distribute written information or materials regarding matters relating to the operation of the cooperative housing corporation in the same place and manner as the governing body distributes written information or materials other than:        (1)    Information or materials reflecting assessments imposed on members that the governing body distributes door–to–door; or        (2)    Meeting notices that the governing body distributes door–to–door.    (c)    A cooperative housing corporation may place reasonable restrictions on the time of any distribution of written information or materials.
MD. Corporations and Associations Code Ann. §  5-6B-21 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-21 - Location of Meetings

    (a)    This section does not apply to any meetings of members occurring at any time before the members, other than the developer, have a majority of the votes in the cooperative housing corporation.    (b)    Subject to reasonable rules adopted by the governing body, members may meet for the purpose of considering and discussing matters relating to the operation of the cooperative housing corporation in  any area that is generally open to all members of the cooperative housing corporation.
MD. Corporations and Associations Code Ann. §  5-6B-23 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-23 - Election Related Candidate Signs or Signs Advertising Questions or Propositions

    (a)    In this section, “candidate sign” means a sign on behalf of a candidate for public office or a slate of candidates for public office.    (b)    Except as provided in subsection (c) of this section, a recorded covenant or restriction, a provision in a declaration, or a provision in the bylaws or rules of a cooperative housing corporation may not prohibit or restrict the display of:        (1)    A candidate sign; or        (2)    A sign that advertises the support or defeat of any question submitted to the voters in accordance with the Election Law Article.    (c)    A recorded covenant or restriction, a provision in a declaration, or a provision in the bylaws or rules of a cooperative housing corporation may restrict the display of a candidate sign or a sign that advertises the support or defeat of any proposition:        (1)    In any areas constituting those portions of a cooperative project possessed in common by the members;        (2)    In accordance with provisions of federal, State, and local law; or        (3)    If a limitation to the time period during which signs may be displayed is not specified by a law governing the jurisdiction in which the cooperative housing corporation is located, to a time period not less than:            (i)    30 days before the primary election, general election, or vote on the proposition; and            (ii)    7 days after the primary election, general election, or vote on the proposition.
MD. Corporations and Associations Code Ann. §  5-6B-24 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-24 - Electronic Transmission of Notice

    (a)    Notwithstanding language contained in the governing documents of a cooperative housing corporation, the cooperative housing corporation may provide notice of a meeting or deliver information to a member by electronic transmission if:        (1)    The board of directors of the cooperative housing corporation gives the cooperative housing corporation the authority to provide notice of a meeting or deliver information by electronic transmission;        (2)    The member gives the cooperative housing corporation prior written authorization to provide notice of a meeting or deliver information by electronic transmission; and        (3)    An officer or agent of the cooperative housing corporation certifies in writing that the cooperative housing corporation has provided notice of a meeting or delivered information to the member.    (b)    Notice or delivery by electronic transmission shall be considered ineffective if:        (1)    The cooperative housing corporation is unable to deliver two consecutive notices; and        (2)    The inability to deliver the electronic transmission becomes known to the person responsible for the sending of the electronic transmission.    (c)    The inadvertent failure to deliver notice by electronic transmission does not invalidate any meeting or other action.
MD. Corporations and Associations Code Ann. §  5-6B-25 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-25 - Electronic Transmission of Votes or Proxies

    (a)    Notwithstanding language contained in the governing documents of a cooperative housing corporation, the board of directors of the cooperative housing corporation may authorize members to submit a vote or proxy by electronic transmission if the electronic transmission contains information that verifies that the vote or proxy is authorized by the member or the member’s proxy.    (b)    If the governing documents of the cooperative housing corporation require voting by secret ballot and the anonymity of voting by electronic transmission cannot be guaranteed, voting by electronic transmission shall be permitted if members have the option of casting anonymous printed ballots.
MD. Corporations and Associations Code Ann. §  5-6B-26 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-26 - Examination and Copying of Books and Records of Cooperative Housing Corporations

    (a)    (1)    (i)    Except as provided in paragraph (2) of this subsection, all books and records kept by or on behalf of a cooperative housing corporation shall be made available for examination or copying, or both, by a member, a member’s mortgagee, or their respective duly authorized agents or attorneys, during normal business hours, and after reasonable notice.            (ii)    If a member requests in writing a copy of financial statements of the cooperative housing corporation or the minutes of a meeting of the board of directors or other governing body of the cooperative housing corporation to be delivered, the board of directors or other governing body of the cooperative housing corporation shall compile and send the requested information by mail, electronic transmission, or personal delivery:                1.    Within 21 days after receipt of the written request, if the financial statements or minutes were prepared within the 3 years immediately preceding receipt of the request; or                2.    Within 45 days after receipt of the written request, if the financial statements or minutes were prepared more than 3 years before receipt of the request.        (2)    Books and records kept by or on behalf of a cooperative housing corporation may be withheld from public inspection, except for inspection by the person who is the subject of the record or the person’s designee or guardian, to the extent that they concern:            (i)    Personnel records, not including information on individual salaries, wages, bonuses, and other compensation paid to employees;            (ii)    An individual’s medical records;            (iii)    An individual’s personal financial records, including assets, income, liabilities, net worth, bank balances, financial history or activities, and creditworthiness;            (iv)    Records relating to business transactions that are currently in negotiation;            (v)    The written advice of legal counsel; or            (vi)    Minutes of a closed meeting of the board of directors or other governing body of the cooperative housing corporation, unless a majority of a quorum of the board of directors or governing body that held the meeting approves unsealing the minutes or a recording of the minutes for public inspection.    (b)    (1)    Except for a reasonable charge imposed on a person desiring to review or copy the books and records or who requests delivery of information, the cooperative housing corporation may not impose any charges under this section.        (2)    A charge imposed under paragraph (1) of this subsection for copying books and records may not exceed the limits authorized under Title 7, Subtitle 2 of the Courts Article.
MD. Corporations and Associations Code Ann. §  5-6B-27 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-27 - Fidelity Insurance

    (a)    In this section, “fidelity insurance” includes a fidelity bond.    (b)    This section does not apply to a cooperative housing corporation:        (1)    That has four or fewer members; and        (2)    For which 3 months’ worth of gross common charges is less than $2,500.    (c)    (1)    The board of directors or other governing body of a cooperative housing corporation shall purchase fidelity insurance not later than the time of the first sale of a cooperative interest with respect to a unit to a person other than the developer and shall keep fidelity insurance in place for each year thereafter.        (2)    The fidelity insurance required under paragraph (1) of this subsection shall provide for the indemnification of the cooperative housing corporation against loss resulting from acts or omissions arising from fraud, dishonesty, or criminal acts by:            (i)    Any officer, director, managing agent, or other agent or employee charged with the operation or maintenance of the cooperative housing corporation who controls or disburses funds; and            (ii)    Any management company employing a management agent or other employee charged with the operation or maintenance of the cooperative housing corporation who controls or disburses funds.    (d)    A copy of the fidelity insurance policy or fidelity bond shall be included in the books and records kept and made available by or on behalf of the cooperative housing corporation under § 5–6B–26 of this subtitle.    (e)    (1)    The amount of the fidelity insurance required under subsection (c) of this section shall equal at least the lesser of:            (i)    3 months’ worth of gross common charges and the total amount held in all investment accounts at the time the fidelity insurance is issued; or            (ii)    $3,000,000.        (2)    The total liability of the insurance to all insured persons under the fidelity insurance may not exceed the sum of the fidelity insurance.    (f)    If a member believes that the board of directors or other governing body of a cooperative housing corporation has failed to comply with the requirements of this section, the aggrieved member may submit the dispute to the Division of Consumer Protection of the Office of the Attorney General under § 5–6B–12 of this subtitle.
MD. Corporations and Associations Code Ann. §  5-6B-28 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-28 - Books and Records

    (a)    The governing body shall keep books and records in accordance with good accounting practices.    (b)    (1)    (i)    Subject to subparagraph (ii) of this paragraph, on the request of the members of at least 5 percent of the units, the governing body shall cause an audit of the books and records to be made by an independent certified public accountant.            (ii)    An audit may not be made more than once in any consecutive 12–month period.        (2)    The cost of the audit shall be a common expense.
MD. Corporations and Associations Code Ann. §  5-6B-29 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-29 - Late Charges

    (a)    Subject to the requirements of this section, a proprietary lease or the bylaws of a cooperative housing corporation may provide for a late charge of no more than $15 or one–tenth of the total amount of any delinquent assessment or installment owed by a member, whichever is greater.    (b)    A late charge may not be imposed more than once for the same delinquent assessment or installment.    (c)    A late charge may only be imposed if the delinquency has continued for a period of 10 days or more.
MD. Corporations and Associations Code Ann. §  5-6B-31 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-31 - Eviction of Member

    (a)    This section applies only to a cooperative project that is no longer subject to a mortgage or deed of trust.    (b)    Notwithstanding the articles of incorporation, bylaws, or regulations of a cooperative housing corporation or the proprietary lease of any member, a governing body may not bring an action in court to evict a member based solely on the failure of the member to pay assessments owed to the cooperative housing corporation unless:        (1)    The member has been delinquent in paying assessments for a period of  3 months or more;        (2)    The governing body has given the member notice and an opportunity to be heard regarding the delinquency, consistent with  § 5–6B–30 of this subtitle;        (3)    The governing body has given the member an opportunity to cure the delinquency; and        (4)    The member has failed to cure the delinquency.