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MD HB30

MD HB30
Condominiums – Disclosures to Unit Owners and Prohibited Provisions in Instruments


summary

Introduced
01/08/2020
In Committee
03/11/2020
Crossed Over
03/10/2020
Passed
Dead
03/18/2020

Introduced Session

2020 Regular Session

Bill Summary

Clarifying that certain provisions of law relating to closed-door meetings of a board of directors of a condominium do not allow the board to withhold or agree to withhold from the unit owners the terms of any legal agreement to which the council of unit owners is a party; establishing that a provision in a certain agreement that prohibits a the disclosure to certain unit owners or purchasers of any term of the agreement is unenforceable; and applying the Act prospectively.

AI Summary

This bill clarifies that the board of directors of a condominium cannot withhold or agree to withhold from the unit owners the terms of any legal agreement to which the council of unit owners is a party. It also establishes that any provision in an agreement (other than those related to personnel matters or individual owner assessment accounts) that prohibits the disclosure of the agreement's terms to unit owners or purchasers is unenforceable. The bill applies prospectively, meaning it does not affect existing declarations, bylaws, or other instruments executed before its effective date of October 1, 2020.

Committee Categories

Justice, Transportation and Infrastructure

Sponsors (11)

Last Action

Referred Judicial Proceedings (on 03/11/2020)

bill text


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