Md. Code, Real. Prop. § 11-121
Current with changes from the 2024 legislative session through Ch. 734, effective on or before 6/1/2024
Any deposits taken in connection with the sale by a developer of units in a condominium intended for residential use shall be deposited or held in an escrow account as provided in § 10-301 of this article, unless a corporate surety bond is obtained and maintained as provided in § 10-301 of this article.
Md. Code, RP § 11-121