Home Table of Contents

§ 10-110.2. Money advanced to or recovered by Fund

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 10. State of Maryland Deposit Insurance Fund Corporation (Refs & Annos)
MD Code, Financial Institutions, § 10-110.2
§ 10-110.2. Money advanced to or recovered by Fund
Currentness
Moneys maintained in separate account
(a) Any moneys advanced by the State to the Fund from general or special funds or from the proceeds of general obligation bonds shall be maintained in a separate account and may not be subject to attachment or any other judicial process by any person.
Moneys recovered by Fund
(b) Any moneys recovered by the Fund as insurer, subrogee, conservator, or receiver, and not required for the purposes of the Fund under this title or for the purposes of the Fund as a conservator or receiver, shall be distributed to the General Fund of the State.

Credits

Added by Acts 1986, c. 12, § 2, eff. April 3, 1986. Amended by Acts 1990, c. 572; Acts 1991, c. 55, § 1; Acts 1991, c. 470; Acts 1991, 1st Sp. Sess., c. 1; Acts 1992, c. 62.
MD Code, Financial Institutions, § 10-110.2, MD FIN INST § 10-110.2
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document