Maryland § 8-622
Full text of Maryland Maryland Code § 8-622, with citation guidance and answers to common questions.
§ 8-622.
(a) (1) If a nonprofit organization fails to file a bond or make a deposit of money or securities in accordance with § 8–618 of this subtitle, the Secretary may terminate the election.
(2) A termination under paragraph (1) of this subsection shall continue for at least 1 year beginning with the first day of the calendar quarter in which the termination becomes effective.
(3) For good cause, the Secretary may extend the period for submitting collateral for not more than 120 days.
(b) (1) If a nonprofit organization is delinquent in making reimbursement payments, the Secretary may terminate the election as of the next January 1.
(2) A termination under this subsection shall be effective for 2 calendar years.
Frequently Asked Questions About Maryland § 8-622
What does Maryland Code § 8-622 cover?
Section 8-622 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 § 8-622?
A common citation format is "Maryland Code § 8-622" (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 § 8-622 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.