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Statutes Text

Article - Corporations and Associations


    (a)    This section applies only to a cooperative project that is no longer subject to a mortgage or deed of trust.

    (b)    Notwithstanding the articles of incorporation, bylaws, or regulations of a cooperative housing corporation or the proprietary lease of any member, a governing body may not bring an action in court to evict a member based solely on the failure of the member to pay assessments owed to the cooperative housing corporation unless:

        (1)    The member has been delinquent in paying assessments for a period of 3 months or more;

        (2)    The governing body has given the member notice and an opportunity to be heard regarding the delinquency, consistent with § 5–6B–30 of this subtitle;

        (3)    The governing body has given the member an opportunity to cure the delinquency; and

        (4)    The member has failed to cure the delinquency.

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