2710

LAWS OF MARYLAND

Ch. 544

(a)  This section does not apply to a violation of a parking
ordinance or regulation adopted under Subtitle 3 of this title.

(b)  The Administration shall determine the form to be used
for a traffic citation.]

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1985.

Approved May 28, 1985.

CHAPTER 545

(Senate Bill 441)

AN ACT concerning

Commercial Law - Powers of Assignees and Receivers
in Insolvency Proceedings

FOR the purpose of clarifying that in insolvency proceedings in
this State an assignee for the benefit of creditors, or
receiver of the assets of an insolvent, has the same
avoidance powers available to a trustee in bankruptcy under
federal bankruptcy law; defining certain terms; making
stylistic changes; and generally relating to assignees for
the benefit of creditors or receivers of the assets of an
insolvent in insolvency proceedings in this State.

BY repealing and reenacting, with amendments,

Article - Commercial Law

Section 15-101

Annotated Code of Maryland

(1983 Replacement Volume and 1984 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Commercial Law

15-101.

(A) (1) IN FOR PURPOSES OF THIS SECTION THE FOLLOWING
WORDS, AS USED IN FEDERAL BANKRUPTCY LAWS, HAVE THE MEANINGS
INDICATED.

(2) "THE CASE" MEANS THE ASSIGNMENT FOR THE BENEFIT
OF CREDITORS PROCEEDING OR THE RECEIVERSHIP PROCEEDING, WHICHEVER
IS APPLICABLE;