§ 9–704
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 9-704 (2026)
Title 9. Savings and Loan Associations
Subtitle 7. Involuntary Actions -- Conservator; Receivership
§ 9–704LinkCopy Citation
(a)
A savings and loan association shall pay the expenses of operation during its conservatorship.
(b)
Except as provided in subsection (c) of this section, a savings and loan association shall pay its conservator the compensation that the court determines.
(c)
The Division Director or an examiner from the Division of Savings and Loan Associations may not receive additional compensation as conservator of a savings and loan association.
(d)
Unless authorized by the court, the conservator of a savings and loan association may not:
(1)
Retain special counsel;
(2)
Incur other than normal operating expenses; or
(3)
Liquidate any assets except in the normal course of operation.