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Statutes > Maryland Statutes > FINANCIAL INSTITUTIONS > TITLE 5 - BANKING INSTITUTIONS - GENERAL PROVISIONS > Subtitle 6 - Reorganizations

Subtitle 6 - Reorganizations

  • Section 5-601 - When Commissioner may take charge - Banking institutions.
  • Section 5-602 - When Commissioner may take charge-Commercial banks.
  • Section 5-602.1 - When Commissioner may take charge - Nondepository trust company.
  • Section 5-603 - Effect of possession by Commissioner.
  • Section 5-604 - Notice of possession by Commissioner.
  • Section 5-604.1 - Payment of expenses related to possession of nondepository trust company.
  • Section 5-605 - Appointment of receiver.
  • Section 5-606 - Powers and duties of receiver.
  • Section 5-607 - Deposits made by receiver.
  • Section 5-608 - Legal fees.
  • Section 5-609 - Report of Commissioner to court.
  • Section 5-610 - Commissioner may permit reopening.
  • Section 5-611 - Plan of reorganization - Proposal.
  • Section 5-612 - Same - Filing for approval; notice to creditors; objections to plan; withdrawal.
  • Section 5-613 - Same - Consent of political subdivisions.
  • Section 5-614 - Rights of Federal Deposit Insurance Corporation.
  • Section 5-615 - Preference for property held in fiduciary capacity.




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