Md. Code, Land Use § 18-503

Md. Code, Land Use § 18-503
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
An amount due and payable under an authorized, written procurement contract and in accordance with law that remains unpaid for more than 45 days after the receipt date shall accrue interest: (1) for the period that begins 31 days after the receipt date; and (2) at the rate specified in § 11–107(a) of the Courts Article.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glu&section=18-503&enactments=falseFetched: 10/17/2026

Starting a business in Maryland? Maryland LLC guide: costs and requirements