Maryland § 5-614
Full text of Maryland Maryland Code § 5-614, with citation guidance and answers to common questions.
§ 5-614.
(a) If the Federal Deposit Insurance Corporation is receiver of a banking institution, the Corporation may:
(1) Operate the trust department of the institution; and
(2) Liquidate the institution as provided in this subtitle or under federal law.
(b) (1) This subsection applies whether or not the Federal Deposit Insurance Corporation is the receiver of the banking institution.
(2) If the Federal Deposit Insurance Corporation pays the insured deposit liabilities of a banking institution, it is subrogated to the rights of the depositors against the institution to the same extent as it would be subrogated to the rights of the depositors against a closed national banking association under federal law.
(3) The rights of the depositors and creditors of the banking institution are governed by the laws of this State.
Frequently Asked Questions About Maryland § 5-614
What does Maryland Code § 5-614 cover?
Section 5-614 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 5-614?
A common citation format is "Maryland Code § 5-614" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 5-614 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.