Maryland § 10-472

§ 10-472.

    (a)    In this part the following words have the meanings indicated.

    (b)    “Creditor” means a person with a claim against a provider.

    (c)    “Delinquency proceeding” means a proceeding under this subtitle to liquidate, rehabilitate, reorganize, or conserve a provider.

    (d)    “General assets” means:

        (1)    all property that is not specifically mortgaged, pledged, deposited, or otherwise encumbered for the security or benefit of specified persons or a limited class of persons;

        (2)    to the extent that property of a provider is specifically encumbered, the amount of the property or its proceeds that exceeds the amount necessary to discharge the encumbrance; and

        (3)    assets held in trust and assets held on deposit for the security or benefit of all subscribers and creditors in the United States.

    (e)    “Receiver” includes a conservator, rehabilitator, and liquidator.

    (f)    (1)    “Secured claim” means a claim that:

            (i)    is secured by mortgage, trust deed, pledge, deposit as security, escrow, or otherwise; or

            (ii)    has become a lien on specific assets through judicial process.

        (2)    “Secured claim” does not include a special deposit claim or a claim against general assets.

    (g)    (1)    “Special deposit claim” means a claim secured by a deposit required by law for the security or benefit of a limited class of persons.

        (2)    “Special deposit claim” does not include a claim against general assets.

    (h)    “Transfer” means:

        (1)    the sale or other direct or indirect disposition of property or an interest in property;

        (2)    the fixing of a lien on property or an interest in property; or

        (3)    the retention of a security title to property delivered to a debtor.