2008 Regular Session


File Code: Corporations and Associations Crossfiled with: HOUSE BILL 1053
Sponsored By:
Senators Kelley, Conway, Garagiola, Pugh, Raskin, Rosapepe, and Stone
Common Ownership Communities - Fidelity Bond Coverage


Requiring specified governing or managing bodies of a cooperative housing corporation, condominium, or homeowners association to execute a fidelity bond for specified purposes in a specified amount; prohibiting the total liability of the surety to all insured persons under the bond from exceeding the sum of the bond; establishing that specified unit or lot owners may submit a specified dispute to the Division of Consumer Protection of the Office of the Attorney General; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
Senate Action
First Reading Judicial Proceedings
Hearing 2/21 at 1:00 p.m.
Unfavorable Report by Judicial Proceedings
House Action
No Action

Sponsored by:

Senator Delores G. Kelley, District 10
Senator Joan Carter Conway, District 43
Senator Rob Garagiola, District 15
Senator Catherine E. Pugh, District 40
Senator Jamie Raskin, District 20
Senator Jim Rosapepe, District 21
Senator Norman R. Stone, Jr., District 6

Bill indexed under the following Subjects:

Bonds -see also- County & Baltimore City Bonds; State Bonds.
Consumer Protection -see also- Unfair Trade Practices
Cooperative Associations
Homeowners Associations
Housing -see also- Apartments; Condominiums; Mobile Homes
Liability -see also- Good Samaritan
Records -see also- Land Records; Vital Records

Bill affects the following Statutes:

Corporations and Associations
( 5-6B-18.6 )
Real Property
( 11-114.1 , 11B-111.6 )


Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered