(a) Except as provided in subsection (b) of this section, in all cases of mutual debts and credits between a provider and another person in connection with a delinquency proceeding, the debts and credits shall be offset and the balance only shall be allowed or paid.
(b) An offset may not be allowed in favor of another person if:
(1) on the date of issuance of a liquidation order or otherwise, as specified in § 10-491(c) of this subtitle, the obligation of the provider to the person would not entitle the person to share as a claimant in the assets of the provider; or
(2) the obligation of the provider to the person was purchased by or transferred to the person for use as an offset.
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