The Federal Savings and Loan Insurance Corporation or the State of Maryland Deposit Insurance Fund Corporation has an absolute right to be appointed conservator or receiver of a savings and loan association insured by it.
Structure Maryland Statutes
Title 9 - Savings and Loan Associations
Subtitle 7 - Involuntary Actions -- Conservator; Receivership
Section 9-709 - Insuring Agency as Receiver or Conservator
Section 9-710 - Jurisdiction of Circuit Court
Section 9-711 - Powers of Circuit Court in Administering Conservatorship or Receivership
Section 9-712 - Approval of Sale, Transfer, or Pledge of Assets