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Martin O'Malley, Governor
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Ch.3
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REVISOR'S NOTE: This subsection formerly was Art. 70B, § 7(g).
In this subsection and throughout this part, the defined term "provider" is
substituted for the former reference to a "continuing care provider" for
consistency throughout this subtitle.
No other changes are made.
Defined terms: "Person" §§ 1-101, 10-401
"Provider" § 10-401
(C) DELINQUENCY PROCEEDING.
"DELINQUENCY PROCEEDING" MEANS A PROCEEDING UNDER TfflS SUBTITLE
TO LIQUIDATE, REHABILITATE, REORGANIZE, OR CONSERVE A PROVIDER
REVISOR'S NOTE: This subsection formerly was Art. 70B, § 7(h).
The only changes are in style.
Defined term: "Provider" § 10-401
(D) GENERAL ASSETS.
"GENERAL ASSETS" MEANS:
(1) ALL PROPERTY THAT IS NOT SPECIFICALLY MORTGAGED, PLEDGED,
DEPOSITED, OR OTHERWISE ENCUMBERED FOR THE SECURITY OR BENEFIT OF
SPECIFIED PERSONS OR A LIMITED CLASS OF PERSONS;
(2) TO THE EXTENT THAT PROPERTY OF A PROVIDER IS SPECIFICALLY
ENCUMBERED, THE AMOUNT OF THE PROPERTY OR ITS PROCEEDS THAT EXCEEDS
THE AMOUNT NECESSARY TO DISCHARGE THE ENCUMBRANCE; AND
(3) ASSETS HELD ESI TRUST AND ASSETS HELD ON DEPOSIT FOR THE
SECURITY OR BENEFIT OF ALL SUBSCRIBERS AND CREDITORS IN THE UNITED
STATES.
REVISOR'S NOTE: This subsection formerly was Art. 70B, § 7(o).
The only changes are in style.
Defined terms: "Creditor" § 10-472
"Person" §§ 1-101, 10-401
"Provider" § 10-401
"Subscriber" § 10-401
(E) RECEIVER
"RECEIVER" INCLUDES A CONSERVATOR REHABILITATOR AND LIQUIDATOR
REVISOR'S NOTE: This subsection formerly was Art. 70B, § 7(w).
No changes are made.
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