Maryland Statutes
§ 5-614
Maryland § 5-614
This text of Maryland § 5-614 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Financial Institutions § 5-614 (2026).
Text
(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
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Cite This Page — Counsel Stack
Bluebook (online)
Maryland § 5-614, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gfi/5-614.