Maryland Statutes
Subtitle 2 - Appointment of Receiver
Section 24-204 - Bond or Security

(a)    The court may:
        (1)    Require a receiver to post a bond or security with the court;
        (2)    Authorize a receiver to act without posting a bond or other security; or
        (3)    Authorize a receiver to act before the receiver posts any bond required by the court.
    (b)    If a court requires a bond to be posted under subsection (a) of this section, the bond shall be:
        (1)    Conditioned on the faithful discharge of the receiver’s duties;
        (2)    With one or more sureties approved by the court;
        (3)    In an amount the court specifies; and
        (4)    Effective as of the date of the receiver’s appointment.
    (c)    The court may also authorize a receiver to act without posting a bond or other security.