EX-5.1 2 a06-10277_1ex5d1.htm EX-5

EXHIBIT 5.1

 

[The Ryland Group, Inc. Letterhead]

 

April 26, 2006

 

The Ryland Group, Inc.

24025 Park Sorrento, Suite 400

Calabasas, California 91302

 

Ladies and Gentlemen:

 

I have acted as general counsel for The Ryland Group, Inc., a Maryland corporation (the “Company”), in connection with the preparation and filing with the Securities and Exchange Commission of a registration statement on Form S-8 (the “Registration Statement”) registering 150,000 shares of the Company’s common stock, par value $1.00 per share (the “Plan Shares”), which are issuable pursuant to the terms and conditions of The Ryland Group, Inc. 2006 Non-Employee Director Stock Plan (the “Plan”).

 

I have examined copies of the Company’s Charter, as amended, By-laws, the Plan, all resolutions adopted by the Company’s Board of Directors relating to the above and other records and documents that I have deemed necessary for the purpose of this opinion. I have also examined such other documents, papers, statutes and authorities as I have deemed necessary to form a basis for this opinion.

 

Based upon the foregoing, I am of the opinion that the Plan Shares have been duly authorized and will be (when issued, sold and delivered as authorized) validly issued, fully paid and non-assessable.

 

The opinion set forth herein is limited to matters governed by the laws of the State of Maryland and the Federal Laws of the United States of America, and I express no opinion as to any other laws.

 

I hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement and to the reference to me under Item 5 of this Registration Statement.

 

 

Very truly yours,

 

 

 

/s/ Timothy J. Geckle

 

 

 

 

Timothy J. Geckle