Section 9-709 - Insuring agency as receiver or conservator.
§ 9-709. Insuring agency as receiver or conservator.
The Federal Savings and Loan Insurance Corporation or the State of Maryland Deposit Insurance Fund Corporation has an absolute right to be appointed conservator or receiver of a savings and loan association insured by it.
[An. Code 1957, art. 23, § 161; 1980, ch. 856; 1985, 1st Sp. Sess., ch. 6, § 1; 1986, ch. 5, § 1; ch. 11, § 2; ch. 282.]