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Session Laws, 1986
Volume 768, Page 1402   View pdf image
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1402                                        LAWS OF MARYLAND                                    Ch. 360

(11)  A statement of any judgments against the council
of unit owners and the existence of any pending suits to which
the council of unit owners is a party;

(12)  In the case of a condominium containing
buildings substantially completed more than 5 years prior to the
filing of the application for registration under § 11-127, a
statement of the physical condition and state of repair of the
major structural, mechanical, electrical, and plumbing components
of the improvements, to the extent reasonably ascertainable, and
estimated costs of repairs for which a present need is, disclosed
in the statement and a statement of repairs which the vendor
intends to make. The vendor is entitled to rely on the reports
of architects or engineers authorized to practice their
profession in this State;

(13)  A description of any provision in the
declaration or bylaws limiting or providing for the duration of
developer control or requiring the phasing-in of unit owner
participation, or a statement that there is no such provision;

(14)  If the condominium is one which will be created

by the conversion of a rental facility, a copy of the notice and
materials required by §§ 11-102.1 and 11-137 of this title; and

(15)  Any other information required by regulation
duly adopted and issued by the Secretary of State.


(d) (1) A developer shall promptly file with the Secretary
of State copies of any changes in the documents or information
contained in the public offering statement which are necessary to
make the documents or information current.

(2) (i) A developer shall file a written statement
with the Secretary of State and the council of unit owners
describing the progress of construction, repairs, and all other
work on the condominium, which the developer has completed or
intends to complete in accordance with the public offering
statement for the condominium.

(ii) This written statement shall be filed
within 30 days after the [transfer of 80 percent of the units in
the condominium or 2 years after the creation of the condominium,


thereafter until the registration of the condominium is

(3)  If the developer notifies the Secretary of State
that all of the units in the condominium have been conveyed to
unit owners other than the developer, and that the developer
cannot add additional units to the condominium, the Secretary of


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Session Laws, 1986
Volume 768, Page 1402   View pdf image
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