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Session Laws, 1996
Volume 794, Page 250   View pdf image
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Ch. 11

1996 LAWS OF MARYLAND

(II) IS NOT CONNECTED WITH THE COMMENCEMENT OF AN
ACTION OR PROCEEDING BY OR AGAINST THE COMMISSIONER OR WITH THE
SUBSEQUENT CONDUCT OF THE ACTION OR PROCEEDING.

(2) SUBJECT TO SUBSECTION (B) OF THIS SECTION, THE COMMISSIONER
MAY NOT BE REQUIRED TO PAY TO A PUBLIC OFFICER IN THE STATE A FEE FOR
FILING, RECORDING, OR ISSUING A TRANSCRIPT OR CERTIFICATE OR FOR
AUTHENTICATING A PAPER OR INSTRUMENT THAT RELATES TO THE EXERCISE BY
THE COMMISSIONER OF A POWER OR DUTY OF THE COMMISSIONER UNDER THIS
SUBTITLE.

(B) PAYMENT OF COSTS.

(1)      THE COMMISSIONER OR DEPUTY COMMISSIONER, WHEN ACTING AS
RECEIVER OR ANCILLARY RECEIVER UNDER THIS SUBTITLE, SHALL PAY ALL
COURT COSTS OUT OF THE ASSETS OF THE INSURER BEFORE ANY DISTRIBUTION TO
CREDITORS OR TERMINATION OF REHABILITATION.         

(2)      IN ALL CASES, THESE COSTS AND THOSE SPECIFIED IN SUBSECTION
(A) OF THIS SECTION SHALL:                                                                

(I)       BE CHARGED IN THE ACCOUNTS OF THE COMMISSIONER TO
THE COURT; OR                                                                                                           

(II)     BE PAID BY THE INSURER AS A CONDITION OF TERMINATION
OF THE ACTION OR PROCEEDING.                                                       

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 154.                                               

In subsection (b)(2)(ii) of this section, the reference to "action" is added for
consistency with subsection (a)(1)(ii) of this section.
Defined terms: "Commissioner" § 1-101                                     
"Creditor" § 9-201
"Insurer" § 1-101
"Receiver" § 9-201

9-207. APPOINTMENT OF STAFF.
(A) IN GENERAL.

(1)      IN A DELINQUENCY PROCEEDING IN WHICH THE COMMISSIONER
HAS BEEN APPOINTED RECEIVER, THE COMMISSIONER MAY:

(I)       APPOINT ONE OR MORE SPECIAL DEPUTY COMMISSIONERS TO
ACT FOR THE COMMISSIONER; AND

(II)     EMPLOY COUNSEL, CLERKS, AND ASSISTANTS.

(2)      COMPENSATION OF THE SPECIAL DEPUTIES, COUNSEL, CLERKS, AND
ASSISTANTS AND ALL EXPENSES OF TAKING POSSESSION OF THE INSURER AND OF
CONDUCTING THE DELINQUENCY PROCEEDING:

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Session Laws, 1996
Volume 794, Page 250   View pdf image
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