Maryland Statutes
Title 5 - Banking Institutions -- General Provisions
Subtitle 6 - Reorganizations

Section 5-601 - When Commissioner May Take Charge -- Banking Institutions - (a) The board of directors of any banking institution may...

Section 5-602 - When Commissioner May Take Charge -- Commercial Banks - (a) (1) If the Commissioner finds that the capital stock...

Section 5-602.1 - When Commissioner May Take Charge -- Nondepository Trust Company - (a) In this section, “insolvent” means: (1) Incapable of meeting...

Section 5-603 - Effect of Possession by Commissioner - As long as the Commissioner has possession of a banking...

Section 5-604 - Notice of Possession by Commissioner - After the Commissioner takes possession of a banking institution, the...

Section 5-604.1 - Payment of Expenses Related to Possession of Nondepository Trust Company - (a) All necessary and reasonable expenses of the Commissioner that...

Section 5-605 - Appointment of Receiver - (a) Within a reasonable time after the Commissioner takes possession...

Section 5-606 - Powers and Duties of Receiver - (a) (1) The receiver may appoint any clerks needed to...

Section 5-607 - Deposits Made by Receiver - (a) All money received by the receiver shall be deposited...

Section 5-608 - Legal Fees - If the court appoints an attorney to advise the receiver,...

Section 5-609 - Report of Commissioner to Court - Within 6 months after taking possession of any banking institution,...

Section 5-610 - Commissioner May Permit Reopening - As long as an examiner is in possession of any...

Section 5-611 - Plan of Reorganization -- Proposal - (a) The board of directors or the depositors representing not...

Section 5-612 - Plan of Reorganization -- Filing for Approval; Notice to Creditors; Objections to Plan; Withdrawal - (a) The plan of reorganization shall be filed with the...

Section 5-613 - Plan of Reorganization -- Consent of Political Subdivisions - With the consent of the local governing body of any...

Section 5-614 - Rights of Federal Deposit Insurance Corporation - (a) If the Federal Deposit Insurance Corporation is receiver of...

Section 5-615 - Preference for Property Held in Fiduciary Capacity - In the distribution of the general assets of a trust...