§ 10-472
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/md/human-services/10-472A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–472.
(a)In this part the following words have the meanings indicated.
(b)“Creditor” means a person with a claim against a provider.
(c)“Delinquency proceeding” means a proceeding under this subtitle to liquidate, rehabilitate, reorganize, or conserve a provider.
(d)“General assets” means:
(1)all property that is not specifically mortgaged, pledged, deposited, or otherwise encumbered for the security or benefit of specified persons or a limited class of persons;
(2)to the extent that property of a provider is specifically encumbered, the amount of the property or its proceeds that exceeds the amount necessary to discharge the encumbrance; and
(3)assets held in trust and assets held on deposit for the security or benefit of all subscribers and creditors in the United States.
(e)“Receiver” includes a conservator, rehabilitator, and liquidator.
(1)“Secured claim” means a claim that:
(i)is secured by mortgage, trust deed, pledge, deposit as security, escrow, or otherwise; or
(ii)has become a lien on specific assets through judicial process.
(2)“Secured claim” does not include a special deposit claim or a claim against general assets.
(1)“Special deposit claim” means a claim secured by a deposit required by law for the security or benefit of a limited class of persons.
(2)“Special deposit claim” does not include a claim against general assets.
(h)“Transfer” means:
(1)the sale or other direct or indirect disposition of property or an interest in property;
(2)the fixing of a lien on property or an interest in property; or
(3)the retention of a security title to property delivered to a debtor.