Section 9-428 - Right to act to avoid loss. - Maryland Statutes

§ 9-428. Right to act to avoid loss.
 

With the written approval of the Division Director, a savings and loan association may operate a business, manage or deal in property, or take any other action over any period of time as determined by the Division Director that may be reasonably necessary to avoid loss on a loan or investment made or obligation created in good faith. 
 

[1980, ch. 856; 1986, ch. 282.]