Maryland § 7-541
Full text of Maryland Maryland Code § 7-541, with citation guidance and answers to common questions.
§ 7-541.
(a) (1) The electric bill of an electric company that has obtained a qualified rate order and issued rate stabilization bonds must:
(i) explicitly reflect that a portion of the charges on the bill represents qualified rate stabilization charges approved in a qualified rate order issued to the electric company; and
(ii) if the rate stabilization property has been transferred to an assignee, include a statement to the effect that:
1. the assignee is the owner of the rights to qualified rate stabilization charges; and
2. the electric company or any other entity, if applicable, is acting as a collection agent or servicer for the assignee.
(2) The tariff applicable to customers must indicate the qualified rate stabilization charge and the ownership of that charge.
(b) The failure of an electric company to comply with this section may not invalidate, impair, or affect any qualified rate order, rate stabilization property, qualified rate stabilization charge, or rate stabilization bonds.
Frequently Asked Questions About Maryland § 7-541
What does Maryland Code § 7-541 cover?
Section 7-541 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 § 7-541?
A common citation format is "Maryland Code § 7-541" (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 § 7-541 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.