Maryland Statutes
Commercial Law
Title 24 - Maryland Commercial Receivership Act

Subtitle 1 - Definitions; General Provisions

Section 24-101 - Definitions - (a) In this title the following words have the meanings...

Section 24-102 - Supplemental Provisions - Unless displaced by a particular provision of this title, the...

Section 24-103 - Applicability of Title - (a) Except as otherwise provided in subsection (b) or (c)...

Subtitle 2 - Appointment of Receiver

Section 24-201 - Appointment of Receiver - (a) A court may appoint a receiver: (1) Before judgment,...

Section 24-202 - Ancillary Receiver - (a) Subject to subsection (b) of this section, a court...

Section 24-203 - Disqualification - (a) A court may not appoint a person as a...

Section 24-204 - Bond or Security - (a) The court may: (1) Require a receiver to post...

Section 24-205 - Jurisdiction of Court That Appoints Receiver - A court that appoints a receiver under this title: (1)...

Subtitle 3 - Rights, Powers, and Duties of a Receiver

Section 24-301 - Rights, Powers, and Duties - (a) Except as limited by court order or a law...

Section 24-302 - Creditor's Claims - (a) Except as provided in subsection (f) of this section,...

Section 24-303 - Professional Services to Assist Receiver - (a) (1) A receiver shall obtain court approval before engaging...

Section 24-304 - Receivership Property - (a) A receiver may use receivership property other than in...

Section 24-305 - Executory Contract - (a) (1) (i) At any time before a court’s approval...

Subtitle 4 - Effect of Receivership

Section 24-401 - Stay - (a) Except as provided in subsection (c) of this section...

Section 24-402 - Turning Over of Receivership Property - (a) (1) Except as provided in paragraph (2) of this...

Section 24-403 - Responsibilities of Owner of Property - (a) Except as provided by court order, an owner shall:...

Section 24-404 - Property Acquired After Appointment of Receiver - Except as otherwise provided by a law of the State...

Section 24-405 - Rights of Mortgagee - A request by a mortgagee for the appointment of a...

Section 24-406 - Assigned Property - (a) An assignee for the benefit of creditors shall be...

Subtitle 5 - Authority of the Court

Section 24-501 - Authority of Court to Issue Orders; Master Service List - (a) Except as otherwise provided in subsection (b) of this...

Section 24-502 - Final Order - If an order entered in a proceeding under this title...

Subtitle 6 - Reporting

Section 24-601 - Interim Report - (a) A receiver: (1) May file an interim report; or...

Section 24-602 - Final Report; Discharge of Receiver - (a) On completion of a receiver’s duties, the receiver shall...

Subtitle 7 - Actions Against Receiver and Termination of Receivership

Section 24-701 - Fees and Expenses - (a) A court may award to a receiver from receivership...

Section 24-702 - Defenses and Immunities; Actions - (a) A receiver is entitled to all defenses and immunities...

Section 24-703 - Removal, Replacement, Termination, or Discharge - (a) A court may remove a receiver for cause on...

Subtitle 8 - Short Title

Section 24-801 - Short Title - This title may be cited as the Maryland Commercial Receivership...