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§ 5-520. Deposit Insurance Fund Corporation

West's Annotated Code of MarylandCourts and Judicial Proceedings

West's Annotated Code of Maryland
Courts and Judicial Proceedings
Title 5. Limitations, Prohibited Actions, and Immunities (Refs & Annos)
Subtitle 5. Immunities and Prohibited Actions--Governmental (Refs & Annos)
MD Code, Courts and Judicial Proceedings, § 5-520
§ 5-520. Deposit Insurance Fund Corporation
In general
(a) Notwithstanding any other provision of law, and except as otherwise expressly provided in this section, the State of Maryland Deposit Insurance Fund Corporation shall retain and may raise the defense of sovereign immunity in any action.
Obligations arising out of contracts executed on or after May 18, 1985
(b) Obligations arising out of a written contract executed by the State of Maryland Deposit Insurance Fund on or after May 18, 1985 may be enforced in accordance with Title 12, Subtitle 2 of the State Government Article.

Credits

Added as Courts and Judicial Proceedings § 5-365 by Acts 1990, c. 546, § 3. Renumbered as Courts and Judicial Proceedings § 5-520 by Acts 1997, c. 14, § 9, eff. April 8, 1997.
MD Code, Courts and Judicial Proceedings, § 5-520, MD CTS & JUD PRO § 5-520
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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