2336

LAWS OF MARYLAND

Ch. 799

ASSETS PREVIOUSLY DISBURSED AS MAY BE REQUIRED TO PAY CLAIMS
OF SECURED CREDITORS AND CLAIMS FALLING WITHIN THE
PRIORITIES ESTABLISHED IN § 158(A) OF THIS ARTICLE IN
ACCORDANCE WITH THE PRIORITIES. NO BOND SHALL BE REQUIRED
OF ANY ASSOCIATION.

(C)    THE COMMISSIONERS PROPOSAL SHALL PROVIDE FOR
DISBURSEMENTS TO THE ASSOCIATIONS IN AMOUNTS AT LEAST EQUAL
TO THE PAYMENTS MADE OR TO BE MADE THEREBY FOR WHICH THESE
ASSOCIATIONS COULD ASSERT CLAIMS AGAINST THE COMMISSIONER,
AND SHALL FURTHER PROVIDE THAT IF THE ASSETS AVAILABLE FOR
DISBURSEMENT FROM TIME TO TIME DO NOT EQUAL OR EXCEED THE
AMOUNT OF THE PAYMENTS MADE OR TO BE MADE BY THE
ASSOCIATIONS THEN DISBURSEMENTS SHALL BE IN THE AMOUNT OF
AVAILABLE ASSETS.

(D)    NOTICE OF THE APPLICATION SHALL BE GIVEN TO THE
ASSOCIATIONS IN AND TO THE COMMISSIONERS OF INSURANCE OF
EACH OF THE STATES. ANY NOTICE SHALL BE DEEMED TO HAVE
BEEN GIVEN WHEN DEPOSITED IN THE UNITED STATES CERTIFIED
MAILS, FIRST CLASS POSTAGE PREPAID, AT LEAST 30 DAYS PRIOR
TO SUBMISSION OF SUCH APPLICATION TO THE COURT. ACTION ON
THE APPLICATION MAY BE TAKEN BY THE COURT PROVIDED THE ABOVE
REQUIRED NOTICE HAS BEEN GIVEN AND PROVIDED FURTHER THAT THE
COMMISSIONERS PROPOSAL COMPLIES WITH SUBSECTION (B)(1) AND

(B) (4).

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1978.

Approved May 29, 1978.

CHAPTER 800

(Senate Bill 214)

AN ACT concerning

State Employees — Accident Leave

FOR the purpose of providing for accident leave with full
pay for State employees sustaining certain injuries or
accidents while performing their jobs, subject to
certain conditions; and deleting certain leave
provisions for certain injured State employees.

BY repealing

Article 64A - Merit System

Section 37(g) and (h)

Annotated Code of Maryland

(1972 Replacement Volume and 1977 Supplement)