Maryland Financial Institutions Section 4-209
(a)   Payment to the initial guaranty fund shall be:
(1)   Made in money; and
(2)   Evidenced by transferable deferred payment certificates.
(b)   The approval of the Commissioner is required as to:
(1)   The form of the transferable deferred payment certificates;
(2)   The rate of interest that the holder of a certificate will be entitled to receive; and
(3)   The terms under which and the pro rata installments by which the holder of a certificate will be repaid.