§ 10–472
Statutes in effect as of October 1, 2026.
Md. Code Ann., Hum. Servs. § 10-472 (2026)
Title 10. Department of Aging
Subtitle 4. Continuing Care
§ 10–472LinkCopy Citation
(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.