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Ch.3
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Martin O'Malley, Governor
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(2) IF CONSIDERED DESIRABLE TO PROTECT THE ASSETS, THE COURT
AT ANY TIME MAY REQUIRE A BOND FROM THE SECRETARY OR DEPUTY SECRETARY.
(3) ON TAKING POSSESSION OF THE ASSETS OF A PROVIDER AND
SUBJECT TO THE DIRECTION OF THE COURT, THE SECRETARY IMMEDIATELY SHALL:
(I) CONDUCT THE BUSINESS OF THE PROVIDER; OR
(II) TAKE ACTION AUTHORIZED BY THIS SUBTITLE TO
REHABILITATE, LIQUIDATE, OR CONSERVE THE AFFAIRS OR ASSETS OF THE
PROVIDER
REVISOR'S NOTE: This section formerly was Art. 70B, § 20M.
In subsection (d)(3)(i) of this section, the former reference to a "domestic"
provider is deleted as inapplicable to continuing care providers.
The only other changes are in style.
Defined terms: "Delinquency proceeding" § 10-472
"Provider" § 10-401
"Receiver" § 10-472
"Secretary" § 10-101
10-486. ATTACHMENT OR GARNISHMENT OF ASSETS.
(A) IN GENERAL.
DURING PENDENCY OF A DELINQUENCY PROCEEDING FOR A PROVIDER AN
ATTACHMENT, GARNISHMENT, EXECUTION, OR SIMILAR ACTION OR PROCEEDING
MAY NOT BE COMMENCED OR MAINTAINED IN A COURT OF THIS STATE AGAINST THE
PROVIDER OR ITS ASSETS.
(B) EFFECT ON RIGHTS IN DELINQUENCY PROCEEDING.
A LIEN OBTAINED OR AN ACTION OR PROCEEDING PROHIBITED BY SUBSECTION
(A) OF THIS SECTION IS VOID AS AGAINST ANY RIGHTS ARISING IN THE
DELINQUENCY PROCEEDING, IF THE LIEN WAS OBTAINED OR THE ACTION OR
PROCEEDING COMMENCED WITHIN 4 MONTHS BEFORE OR AT ANY TIME AFTER
COMMENCEMENT OF A DELINQUENCY PROCEEDING.
REVISOR'S NOTE: This section formerly was Art. 70B, § 20N.
The only changes are in style.
Defined terms: "Delinquency proceeding" § 10-472
"Provider" § 10-401
10-487. VOIDABLE TRANSFERS.
(A) IN GENERAL.
A TRANSFER OF OR LIEN ON THE PROPERTY OF A PROVIDER IS VOIDABLE IF
THE TRANSFER OR LIEN IS:
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- 517 -
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