{"data":{"id":"us-md/md.-code-corporations-and-associations-5-6b-29","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 5–6B–29","heading":"","body":"(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.\n(b) A late charge may not be imposed more than once for the same delinquent assessment or installment.\n(c) A late charge may only be imposed if the delinquency has continued for a period of 10 days or more.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=5-6B-29","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"e75d63d2c1d6e9eaceba9b1222f31306546235dded464d98cc3ee3f36bf2ff31","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-5-6b-28","next":"us-md/md.-code-corporations-and-associations-5-6b-30"},"notice":"GroundRules: Original legal text. Not legal advice."}