|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PARRIS N. GLENDENING, Governor
|
|
|
|
|
|
Ch. 150
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2) IE THE SECRETARY ESTABLISHES BY A PREPONDERANCE OF THE
EVIDENCE THAT GROUNDS EXIST FOR DISCHARGE OF AN APPOINTED RECEIVER, THE
COURT SHALL GRANT THE APPLICATION OF THE SECRETARY TO DISCHARGE THE
APPOINTED RECEIVER AND TO APPOINT THE SECRETARY AS CONSERVATOR,
REHABILITATOR, OR RECEIVER OR TO APPOINT ANOTHER RECEIVER
20J.
WITHIN 15 DAYS AFTER APPOINTMENT AS RECEIVER OR CONSERVATOR FOR A
CONTINUING CARE PROVIDER AGAINST WHICH A DELINQUENCY PROCEEDING HAS
BEEN COMMENCED, THE RECEIVER OR CONSERVATOR SHALL NOTIFY EACH
SUBSCRIBER OF THE CONTINUING CARE PROVIDER, BY LETTER OR OTHER MEANS
APPROVED BY THE COURT, OF THE COMMENCEMENT OF THE DELINQUENCY
PROCEEDING AND OF THE POSSIBILITY THAT THE CONTINUING CARE AGREEMENT
OF THE SUBSCRIBER MAY BE CANCELED.
20K.
AN APPEAL MAY BE TAKEN TO THE COURT OF SPECIAL APPEALS FROM:
(1) AN ORDER THAT GRANTS OR REFUSES REHABILITATION,
LIQUIDATION, OR CONSERVATION, AND
(2) ANY OTHER ORDER IN A DELINQUENCY PROCEEDING THAT HAS THE
CHARACTER OF A FINAL ORDER AS TO THE PARTICULAR PART OF THE DELINQUENCY
PROCEEDING COVERED BY THE ORDER
20L.
(A) TO FACILITATE THE REHABILITATION, LIQUIDATION, CONSERVATION, OR
DISSOLUTION OF A CONTINUING CARE PROVIDER UNDER THIS SUBTITLE, THE
SECRETARY, SUBJECT TO THE APPROVAL OF THE COURT, MAY:
(1) BORROW MONEY;
(2) EXECUTE, ACKNOWLEDGE, AND DELIVER NOTES OR OTHER
EVIDENCES OF INDEBTEDNESS FOR THE LOAN;
(3) SECURE THE REPAYMENT OF THE LOAN BY THE MORTGAGE,
PLEDGE, ASSIGNMENT, OR TRANSFER IN TRUST OF ALL OR PART OF THE PROPERTY
OF THE CONTINUING CARE PROVIDER; AND
(4) TAKE ANY OTHER ACTION NECESSARY AND PROPER TO
CONSUMMATE THE LOAN AND TO PROVIDE FOR ITS REPAYMENT.
(B) THE SECRETARY IS NOT OBLIGATED PERSONALLY OR IN AN OFFICIAL
CAPACITY TO REPAY A LOAN MADE UNDER THIS SECTION.
20M.
(A) WHENEVER UNDER THIS SUBTITLE A RECEIVER IS TO BE APPOINTED IN A
DELINQUENCY PROCEEDING FOR A CONTINUING CARE PROVIDER, THE COURT
SHALL:
|
|
|
|
|
|
|
|
|
|
- 1515 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
