Maryland § 19-365
Full text of Maryland Maryland Code § 19-365, with citation guidance and answers to common questions.
§ 19-365.
(a) Escrowed funds may be released by the escrow agent:
(1) If the related institution can present specific bills (vouchers) for correcting the hazardous condition which have been certified by the Secretary as appropriate; and
(2) In the absence of bills or vouchers, the related institution has received written approval from the Secretary that the expenditure is appropriate for correcting the hazardous condition.
(b) The escrow is terminated and the balance, if any, in the account is returned to the related institution when:
(1) The Secretary certifies that the hazardous condition is corrected;
(2) After the time period set by the Secretary, the Secretary certifies that adequate progress has been made toward correcting the hazardous condition; or
(3) The related institution changes ownership.
Frequently Asked Questions About Maryland § 19-365
What does Maryland Code § 19-365 cover?
Section 19-365 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 § 19-365?
A common citation format is "Maryland Code § 19-365" (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 § 19-365 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.