§ 9-302
229 words·~1 min read·
/md/real-property/9-302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–302.
(a)Except for work done or materials furnished under a contract enumerated in § 9–305 of this subtitle, a contractor or subcontractor who does work or furnishes material under a contract shall be entitled to prompt payment under subsection
(b)of this section.
(1)If the contract is with an owner, the owner shall:
(i)If the contract does not provide for specific dates or times of payment, pay to the contractor undisputed amounts owed under the terms of the written contract, within the earlier of:
1. 30 days after the day on which the occupancy permit is granted; or
2. 30 days after the day on which the owner or the owner’s agent takes possession; or
(ii)If the contract provides for specific dates or times of payment, pay to the contractor undisputed amounts owed within 7 days after the date or time specified in the contract.
(2)Paragraph
(1)of this subsection does not apply to any contract between the contractor and:
(i)The State;
(ii)A county;
(iii)A municipal corporation;
(iv)A board of education; or
(v)A public authority or instrumentality.
(3)If the contract is not with an owner, the contractor or subcontractor shall pay undisputed amounts owed to its subcontractors within 7 days after receipt by the contractor or subcontractor of each payment received for its subcontractors’ work or materials.