Maryland § 19-363
Full text of Maryland Maryland Code § 19-363, with citation guidance and answers to common questions.
§ 19-363.
(a) The funds in the escrow account shall be used only for the purposes of remedying the hazardous condition.
(b) The amount of the escrow account shall be the estimated cost of correcting the hazardous condition or $5,000 whichever is greater.
(c) The escrow account is to be established by the related institution at an authorized financial institution selected by the related institution.
(d) Current operating funds may not be used to establish the escrow account.
Frequently Asked Questions About Maryland § 19-363
What does Maryland Code § 19-363 cover?
Section 19-363 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 19-363?
A common citation format is "Maryland Code § 19-363" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 19-363 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.