§ 10-492
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§10–492.
(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.