Unannotated Code of Maryland (Last Updated: May 16, 2014) |
FINANCIAL INSTITUTIONS |
TITLE 10. STATE OF MARYLAND DEPOSIT INSURANCE FUND CORPORATION |
§ 10-110.2. Advances by State to Fund; moneys recovered by Fund
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(a) Advances by State to Fund. -- 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.
(b) Moneys recovered by Fund. -- 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.
HISTORY: 1986, ch. 12, § 2; 1990, ch. 572; 1991, ch. 55, § 1; ch. 470; 1991, 1st Sp. Sess., ch. 1; 1992, ch. 62.