WILLIAM DONALD SCHAEFER, Governor                   Ch. 623

Article 48A - Insurance Code

8.

(b) The "insurance business" does not include the pooling
together by public entities for the purpose of self-insuring
casualty OR PROPERTY risks.

482B.

(a)  "Public entity" means any political subdivision or unit
of State or local government, including any nonprofit or nonstock
corporation that is exempt from taxation under Section §
501(c)(3) or (4) § 501(C)(4) of the Internal Revenue Code of 1954
and receives 50 percent or more of its annual operating budget
from the State or local government.

(b)  Public entities may pool together for the purpose of
purchasing casualty OR PROPERTY insurance or self-insuring
casualty OR PROPERTY risks.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved June 2, 1987.

CHAPTER 623

(Senate Bill 516)

AN ACT concerning

Fraudulent Conveyances

FOR the purpose of providing that a plaintiff does not need to
become a judgment creditor in order to obtain relief in an
action to vacate a fraudulent conveyance; clarifying to
which class of creditors this Act applies; making stylistic
changes; and generally relating to fraudulent conveyances.

BY repealing and reenacting, with amendments,

Article - Commercial Law

Section 15-209

Annotated Code of Maryland

(1983 Replacement Volume and 1986 Supplement)

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