(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. 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.
Maryland Legal Code