§ 5–6D-07
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-6D-07 (2026)
Title 5. Special Types of Corporations
Subtitle 6D. Cooperative Limited Equity Housing Corporations
§ 5–6D-07LinkCopy Citation
(a)
The Department of Housing and Community Development may:
(1)
To the extent applicable to and not inconsistent with this subtitle, using a standardized methodology, establish additional rights and requirements for a cooperative limited equity housing corporation and its members based on an individualized assessment of the cooperative;
(2)
Base a determination under item (1) of this subsection on the rights and requirements for cooperative housing corporations and their members under Subtitle 6B of this title; and
(3)
Establish a program to provide grants to Maryland nonstock corporations to promote the establishment of cooperative limited equity housing corporations.
(b)
The Department of Housing and Community Development shall adopt regulations to carry out this section.