Maryland Code, COMMERCIAL LAW 14-12B-07
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Terms Used In Maryland Code, COMMERCIAL LAW 14-12B-07
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
On the permanent closing of a facility or bankruptcy by the seller, the seller of the health club services shall provide the following information to the Division within 15 business days:
(1) A list of the names and addresses of all members of the health club;
(2) The original or a copy of all membership agreements; and
(3) A record of all payments received under the membership agreements.