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2007 Laws of Maryland
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Ch.3
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(B) PAYMENT OF COSTS.
(1) THE SECRETARY OR DEPUTY SECRETARY, WHEN ACTING AS
RECEIVER OR ANCILLARY RECEIVER UNDER THIS SUBTITLE, SHALL PAY ALL COURT
COSTS OUT OF THE ASSETS OF THE PROVIDER BEFORE ANY DISTRIBUTION TO
CREDITORS OR TERMINATION OF REHABILITATION.
(2) IN ALL CASES, COURT COSTS AND THOSE SPECIFIED IN SUBSECTION
(A) OF THIS SECTION SHALL:
(I) BE CHARGED IN THE ACCOUNTS OF THE SECRETARY TO THE
COURT; OR
(II) BE PAID BY THE PROVIDER AS A CONDITION OF TERMINATION
OF THE ACTION OR PROCEEDING.
REVISOR'S NOTE: This section formerly was Art. 70B, § 20C.
The only changes are in style.
Defined terms: "Creditor" § 10-472
"Provider" § 10-401
"Receiver" § 10-472
"Secretary" § 10-101
10-476. APPOINTMENT OF STAFF.
(A) IN GENERAL.
(1) IN A DELINQUENCY PROCEEDING IN WHICH THE SECRETARY HAS
BEEN APPOINTED RECEIVER, THE SECRETARY MAY:
(I) APPOINT ONE OR MORE SPECIAL DEPUTY SECRETARIES TO ACT
FOR THE SECRETARY; 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 PROVIDER AND OF
CONDUCTING THE DELINQUENCY PROCEEDING SHALL BE:
(I) SET BY THE SECRETARY, SUBJECT TO APPROVAL BY THE
COURT; AND
(II) PAID OUT OF THE ASSETS OR FUNDS OF THE PROVIDER
(3) WITHIN THE LIMITS OF DUTIES IMPOSED ON A SPECIAL DEPUTY
CONCERNING A DELINQUENCY PROCEEDING, THE SPECIAL DEPUTY:
(I) HAS ALL POWERS GIVEN TO THE RECEIVER; AND
(II) IN THE EXERCISE OF THOSE POWERS, IS SUBJECT TO ALL THE
DUTIES IMPOSED ON THE RECEIVER CONCERNING THE DELINQUENCY PROCEEDING.
(B) REPRESENTATION.
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- 506 -
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