First Continental Savings & Loan Ass'n v. Director, State Department of Assessments & Taxation

The attack in this appeal is on the validity of the ex parte appointment of a receiver for the First Continental Savings and Loan Association, Inc., which was granted on the application of Albert Ward, Director of the State Department of Assessments and Taxation, and of the State of Maryland, under the provisions of Sec. 160L of Ch. 1 of the Laws of the Special Session of 1961. In addition to the contention that there was no justification for such drastic action, which has almost always been made in such cases, sometimes successfully 1 and at other times unavailingly, 2 the Association argues…