Maryland Statutes
§ 5-6B-29
Maryland § 5-6B-29
This text of Maryland § 5-6B-29 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Corporations and Associations § 5-6B-29 (2026).
Text
(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.
(b)A late charge may not be imposed more than once for the same delinquent assessment or installment.
(c)A late charge may only be imposed if the delinquency has continued for a period of 10 days or more.
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Bluebook (online)
Maryland § 5-6B-29, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gca/5-6B-29.