Section 9-709 – Insuring Agency as Receiver or Conservator
The Federal Savings and Loan Insurance Corporation or the State of Maryland Deposit Insurance Fund Corporation has an absolute right to be appointed conservator or receiver of a savings and loan association insured by it.
Section 9-710 – Jurisdiction of Circuit Court
(a) (1) Notwithstanding any other provision of law and to the maximum extent permitted under the federal and State constitutions, the circuit court administering a conservatorship or receivership under this title shall have exclusive and plenary jurisdiction over all claims, actions, and proceedings that are brought by any person and that are related to the assets, property, […]
Section 9-711 – Powers of Circuit Court in Administering Conservatorship or Receivership
(a) The circuit court administering a conservatorship or receivership under this title has full power to approve and allow or to reject and disallow claims against the conservatorship or receivership estate. (b) In a receivership, the court administering the receivership may estimate for purposes of allowance: (1) Any contingent, unliquidated, unmatured, or disputed claim, the fixing, liquidation, maturation, […]
Section 9-712 – Approval of Sale, Transfer, or Pledge of Assets
(a) In this section, savings and loan association includes its affiliates, subsidiaries, or a holding company. (b) (1) Upon application of the conservator or receiver, if the court, after notice and a hearing, determines that the consideration to be received from a transaction is fair and reasonable, the circuit court administering a conservatorship or receivership under this title […]