(a) To facilitate the rehabilitation, liquidation, conservation, or dissolution of a 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 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.
Structure Maryland Statutes
Title 10 - Department of Aging
Part VIII - Delinquency Proceedings
Section 10-473 - Exclusiveness of Remedy
Section 10-474 - Immunity From Liability
Section 10-475 - Fees and Costs
Section 10-476 - Appointment of Staff
Section 10-477 - Jurisdiction and Venue
Section 10-478 - Commencement of Delinquency Proceedings
Section 10-479 - Grounds for Conservation, Rehabilitation, or Liquidation of Providers
Section 10-480 - Orders to Rehabilitate, Liquidate, or Conserve Providers
Section 10-481 - Appointed Receivers
Section 10-482 - Notice to Subscribers of Delinquency Proceeding
Section 10-483 - Appeals to Court of Special Appeals
Section 10-484 - Loans and Pledges of Assets
Section 10-485 - Administration of Assets
Section 10-486 - Attachment or Garnishment of Assets
Section 10-487 - Voidable Transfers
Section 10-489 - Procedures for Filing Claims
Section 10-490 - Priority of Claims