HARRY HUGHES, Governor                                        165

THE WAIVER OR MODIFICATION RELATES TO THE PRESERVATION OF THE
CONFIDENTIALITY OF SAVINGS ACCOUNT HOLDERS, OR A REDUCTION IN THE
COST OF ADMINISTRATION OF THE RECEIVERSHIP ESTATE.

(3) ANY WAIVER OR MODIFICATION MADE UNDER PARAGRAPH
(2) OF THIS SUBSECTION ONLY SHALL APPLY PROSPECTIVELY TO ACTIONS
TAKEN BY THE RECEIVER OR ANY OTHER PERSON AFTER ADOPTION BY THE
COURT.

PART III. GENERAL PROVISIONS

9-709.

The Federal Savings and Loan Insurance Corporation or the
STATE OF Maryland Deposit Insurance Fund Corporation has an
absolute right to be appointed conservator or receiver of a
savings and loan association insured by it.

9-710.

(A) (1) NOTWITHSTANDING ANY OTHER PROVISION OF LAW AND TO
THE MAXIMUM EXTENT PERMITTED UNDER THE FEDERAL AND STATE
CONSTITUTIONS, THE CIRCUIT COURT ADMINISTERING A CONSERVATORSHIP
OR RECEIVERSHIP UNDER THIS TITLE SHALL HAVE EXCLUSIVE AND PLENARY
JURISDICTION OVER ALL CLAIMS, ACTIONS, AND PROCEEDINGS THAT ARE
BROUGHT BY ANY PERSON AND THAT ARE RELATED TO THE ASSETS,
PROPERTY, POWERS, RIGHTS, PRIVILEGES, DUTIES, AND LIABILITIES OF:

(I)  THE SAVINGS AND LOAN ASSOCIATION AND ITS
SUBSIDIARIES, AFFILIATES, OR HOLDING COMPANY;

(II)  THE RECEIVERSHIP OR CONSERVATORSHIP
ESTATE; AND

(III)  THE STATE OF MARYLAND DEPOSIT INSURANCE
FUND CORPORATION IN ITS CAPACITY AS RECEIVER OR CONSERVATOR OF
THE SAVINGS AND LOAN ASSOCIATION.

(2) A COURT OTHER THAN A COURT ADMINISTERING A
CONSERVATORSHIP OR RECEIVERSHIP UNDER THIS TITLE MAY EXERCISE
JURISDICTION OVER CLAIMS AND ACTIONS IF:

(I)  THE COURT WOULD HAVE JURISDICTION OVER THE
CLAIMS OR ACTIONS BUT FOR THIS SECTION; AND

(II)  THE COURT ADMINISTERING THE
CONSERVATORSHIP OR RECEIVERSHIP APPROVES:

1.  THE INITIATION AND PROSECUTION, OR THE
CONTINUED PROSECUTION, OF THE CLAIMS OR ACTIONS IN THE OTHER
COURT BY THE CONSERVATOR OR RECEIVER; OR

2.  THE CONTINUED PROSECUTION OF CLAIMS OR
ACTIONS IN THE OTHER COURT BY ANY PERSON OTHER THAN THE
CONSERVATOR OR RECEIVER.