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Ch. 150
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2002 LAWS OF MARYLAND
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(W) "RECEIVER" INCLUDES A CONSERVATOR, REHABILITATOR, AND
LIQUIDATOR
[(n)] (X) "Records" means the information maintained by the provider for the
proper operation of the facility under this subtitle.
[(o)] (Y) "Renovation" means any single capital improvement to, or
replacement of, the existing facility, or any part of the existing facility, but excluding
normal repair and maintenance, that will not increase the number of independent or
assisted living units and for which the total projected cost is an amount that is more
than the sum of:
(1) 20% of the total operating expenses, less depreciation, amortization,
and interest expense of the facility as shown on the certified financial statement for
the most recent fiscal year for which a certified financial statement is available; and
(2) The amount of the existing reserves properly allocable to, and so
allocated for, the renovation.
(Z) (1) "SECURED CLAIM" MEANS A CLAIM THAT:
(I) IS SECURED BY MORTGAGE, TRUST DEED, PLEDGE, DEPOSIT AS
SECURITY, ESCROW, OR OTHERWISE; OR
(II) HAS BECOME A LIEN ON SPECIFIC ASSETS THROUGH JUDICIAL
PROCESS.
(2) "SECURED CLAIM" DOES NOT INCLUDE A SPECIAL DEPOSIT CLAIM OR
A CLAIM AGAINST GENERAL ASSETS.
(AA) (1) "SPECIAL DEPOSIT CLAIM" MEANS A CLAIM SECURED BY A DEPOSIT
REQUIRED BY LAW FOR THE SECURITY OR BENEFIT OF A LIMITED CLASS OF
PERSONS.
(2) "SPECIAL DEPOSIT CLAIM" DOES NOT INCLUDE A CLAIM AGAINST
GENERAL ASSETS.
[(p)] (BB) "Subscriber" means an individual for whom a continuing care
agreement is purchased.
[(q)] (CC) "Surcharge" means a separate and additional charge, other than a
second person entrance fee, imposed simultaneously with the entrance fee, that may
be required of some but not all subscribers because of a condition or circumstance that
applies only to those subscribers.
(DD) "TRANSFER" MEANS, WHEN USED IN CONJUNCTION WITH PROPERTY:
(1) THE SALE OR OTHER DIRECT OR INDIRECT DISPOSITION OF
PROPERTY OR AN INTEREST IN PROPERTY;
(2) THE FIXING OF A LIEN ON PROPERTY OR AN INTEREST IN PROPERTY;
OR
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