April 12, 2011

Maryland General Assembly Acts on Condo and HOA Bills

• Related Attorney(s):
• Michael H. Mannes

• Practice Area(s):
• Condominium and Home Owner Association Law

There were 27 separate Common Ownership Community (now called “COC”) bills introduced this year. The manager licensing and regulation of governance bills were all sent to summer study (not acted upon during session). Only the three bills below made it all the way.

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January 26, 2011

Maryland’s New Benefit Corporation Could Make It Easier To Build Green

• Related Attorney(s):
• Susan D. Baker

• Practice Area(s):
• Business and Corporate Law

Maryland is one of only two states to give both new and existing corporations the ability to identify public benefit as a corporate purpose. Prior to enactment of the “Benefit Corporation” [B Corporation] statute, the directors and officers of a for-profit corporation could not consider public benefits in making decisions for the corporation without risking claims from stockholders that such decisions might negatively affect the corporation’s bottom line.

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January 12, 2011

FHA Condo Project Approvals Are Expiring

• Related Attorney(s):
• Michael H. Mannes

• Practice Area(s):
• Condominium and Home Owner Association Law

FHA Condominium Project Approvals expire on a schedule starting 12/31/10 and ending 9/30/11. If a Condominium Project has not been recertified before expiration, FHA will not insure mortgages in that Condo.

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