2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 4-209 - Fund payments before beginning business
§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.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
