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SILVERMAN v. MARYLAND DEPOSIT

No. 16, September Term, 1989.

317 Md. 306 (1989)

563 A.2d 402

DENNIS M. SILVERMAN ET AL., TRUSTEES v. MARYLAND DEPOSIT INSURANCE FUND CORPORATION ET AL.

Court of Appeals of Maryland.

On Motion for Reconsideration Filed November 15, 1989.

Attorney(s) appearing for the Case

Benjamin Rosenberg (Rosenberg Proutt Funk & Greenberg, Lawrence S. Greenwald, Nancy E. Paige, Jeffrey Schwaber, Gordon, Feinblatt, Rothman, Hoffberger & Hollander, Baltimore, Sidney L. Meyer, New York City, John M. Brickman, Peirez, Ackerman & Levine, Great Neck, N.Y.), on brief, for appellant.

Dennis M. Sweeney, Deputy Atty. Gen. and Mark D. McCurdy, Asst. Atty. Gen. (J. Joseph Curran, Jr., Atty. Gen., Martha Vestal Clarke, Asst. Atty. Gen., on brief), Baltimore, for appellees.

Argued before MURPHY, C.J., and ELDRIDGE, COLE, RODOWSKY, McAULIFFE, ADKINS and BLACKWELL, JJ.

Per Curiam on Motion for Reconsideration Filed November 15, 1989.

RODOWSKY, Judge.

Appellants are fiduciaries who deposited trust funds in Old Court Savings and Loan, Inc. (Old Court), a Maryland chartered association, where deposits were then insured by Maryland Savings-Share Insurance Corporation (MSSIC). Both Old Court and MSSIC became insolvent. One of the appellees, State of Maryland Deposit Insurance Fund Corporation (MDIF), is a governmental corporation...

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