2015 Maryland Code
REAL PROPERTY
Title 11 - MARYLAND CONDOMINIUM ACT
§ 11-121 - Deposits on new condominiums

MD Real Prop Code § 11-121 (2015) What's This?

Any deposits taken in connection with the sale by a developer of units in a condominium intended for residential use shall be deposited or held in an escrow account as provided in § 10-301 of this article, unless a corporate surety bond is obtained and maintained as provided in § 10-301 of this article.

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