{"data":{"id":"us-md/md.-code-corporations-and-associations-5-6b-11","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 5–6B–11","heading":"","body":"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.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=5-6B-11","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"beb5c2282beb5dd70efcf3420a65cf8679e568cc9d84e74cfed01eb93d83a4b0","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-5-6b-10","next":"us-md/md.-code-corporations-and-associations-5-6b-12"},"notice":"GroundRules: Original legal text. Not legal advice."}