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§ 24-602. Final report; contents; discharge of receiver

West's Annotated Code of MarylandCommercial LawEffective: October 1, 2019

West's Annotated Code of Maryland
Commercial Law
Title 24. Maryland Commercial Receivership Act (Refs & Annos)
Subtitle 6. Reporting (Refs & Annos)
Effective: October 1, 2019
MD Code, Commercial Law, § 24-602
§ 24-602. Final report; contents; discharge of receiver
Currentness
(a) On completion of a receiver's duties, the receiver shall file a final report that includes:
(1) A description of the activities of the receiver during the course of the receivership;
(2) A list of receivership property at the commencement of the receivership and any receivership property received during the receivership;
(3) A list of disbursements, including payments to professionals engaged by the receiver;
(4) A list of dispositions of receivership property;
(5) A list of distributions made or proposed to be made from the receivership property for creditor claims;
(6) If not filed separately, a request for approval of the payment of fees and expenses of the receiver; and
(7) Any other information required by the court.
(b) The receiver is discharged if:
(1) A court approves a final report filed under subsection (a) of this section; and
(2) The receiver distributes all receivership property.

Credits

Added by Acts 2019, c. 284, § 1, eff. Oct. 1, 2019.
MD Code, Commercial Law, § 24-602, MD COML § 24-602
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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