clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1941
Volume 582, Page 467   View pdf image (33K)
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

HERBERT R. O'CONOR, GOVERNOR. 467

such special deposit, it being the purpose and intent of this
provision to equalize to this extent the advantage gained by
the security provided by such special deposits.

65F. Attachment and Garnishment of Assets. In the event
of the commencement of delinquency proceedings in any recip-
rocal state no action or proceeding in the nature of an attach-
ment, garnishment, execution or otherwise, shall be commenced
in the courts of this state against the delinquent insurer or its
assets.

65G. Right of Domiciliary Receiver to Residium of Assets
of Insurers Domiciled in Ancillary States. The Ancillary re-
ceiver of assets in this state of insurers domiciled in other
states and subject to delinquency proceedings therein shall, as
soon as practicable, arrange the liquidation or other disposi-
tion of special deposit claims and secured claims proved in the
ancillary proceedings in this state, and all remaining assets,
after payment of expenses he shall promptly transfer to the
domiciliary receiver. The domiciliary receiver of another state
may sue the ancillary receiver of this state in the courts of this
state for the purpose of collecting or obtaining any surplus
remaining in this state, and may sue in the courts of this
state to obtain any assets of such delinquent insurer located in
this state.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1941.

Approved April 23, 1941.

CHAPTER 296.

(House Bill 275)

AN ACT to add a new section to Article 48A of the Anno-
tated Code of Maryland (1939 Edition), title '"Insurance"
sub-title "Mutual Insurance Companies", said new section
to be known as Section 155A, and to follow immediately
after Section 155, prescribing limitation of time within
which collection of assessments may be enforced.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That a new section be and the same is hereby added to
Article 48A of the Annotated Code of Maryland (1939 Edi-
tion), title "Insurance", sub-title "Mutual Insurance Com-

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1941
Volume 582, Page 467   View pdf image (33K)   << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 10, 2023
Maryland State Archives