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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 5-604.1

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • including: means includes or including by way of illustration and not by way of limitation. See
(a) All necessary and reasonable expenses of the Commissioner that are court approved and related to the Commissioner’s possession of a nondepository trust company, including costs associated with the receivership, reorganization, or liquidation of the nondepository trust company, shall be paid from the assets of the nondepository trust company, the proceeds of the sale of securities pledged under § 3-211.1 of this article, or recovery against a surety bond delivered under § 3-211.1 of this article.

(b) Any proceeds of a sale of pledged securities that remain after making the payments required under subsection (a) of this section and § 5-606(b)(2) of this subtitle shall be an asset of the nondepository trust company.