Maryland Statutes
Subtitle 2 - Formation and Powers
Section 4-209 - Fund Payments Before Beginning Business

(a)    Payment to the initial guaranty fund shall be:
        (1)    Made in money; and
        (2)    Evidenced by transferable deferred payment certificates.
    (b)    The approval of the Commissioner is required as to:
        (1)    The form of the transferable deferred payment certificates;
        (2)    The rate of interest that the holder of a certificate will be entitled to receive; and
        (3)    The terms under which and the pro rata installments by which the holder of a certificate will be repaid.

Structure Maryland Statutes