Maryland Financial Institutions Section 5-606

      (a)      The receiver may appoint any clerks needed to carry out the receivership. The salaries of these clerks shall be paid out of the funds of the banking institution.

      (b)      The receiver may borrow money and, with the approval of the court, pledge, mortgage, or encumber any of the institution's assets to:

            (1)      Pay the obligations of the institution;

            (2)      Pay dividends to the depositors or creditors of the institution; or

            (3)      Enable the institution to reopen or reorganize.

      (c)      (1)      The receiver shall file with the court, in the form that the court requires, an itemized account of:

                  (i)      All receipts, disbursements, and expenses; and

                  (ii)      Any proposed distribution.

            (2)      The court shall accept the account to the same extent as if an auditor of the court had prepared and filed the account.

      (d)      (1)      Except as provided in paragraph (2) of this subsection, the receiver may not make any distribution until the court ratifies the receiver's account.

            (2)      With the approval of the court, the receiver may pay in full each creditor whose total claims do not exceed $5.