EX-5.0 2 w47456ex5-0.txt OPINION OF TIMOTHY J. GECKLE 1 EXHIBIT 5.0 [The Ryland Group, Inc. Letterhead] April 2, 2001 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 303,300 shares of Common Stock, par value $1.00 per share (the "Plan Shares"), issuable pursuant to the exercise of stock options granted under The Ryland Group, Inc. 2000 Non-Employee Director Equity 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 5.0 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