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RULE 13-105. APPOINTMENT PRIOR TO NOTICE

West's Annotated Code of MarylandMaryland RulesEffective: August 1, 2020

West's Annotated Code of Maryland
Maryland Rules
Title 13. Receivers and Assignees
Chapter 100. General Provisions
Effective: August 1, 2020
MD Rules, Rule 13-105
RULE 13-105. APPOINTMENT PRIOR TO NOTICE
Currentness
(a) Grounds for Appointment. Upon a verified motion by the petitioner, the court may issue an order appointing a receiver before service of the show cause order and petition or motion only if (1) on evidence presented by the petitioner, the court finds on the record that the appointment is urgently required to preserve or protect property that will be receivership property from imminent waste, loss, transfer, dissipation or impairment, and (2) the petitioner posts security that satisfies the requirements of Code, Commercial Law Article, ยง 24-201(c)(1).
(b) Order. The order shall specify the authority granted to the receiver pending further proceedings.
(c) Modification or Termination of Appointment. Upon motion of any person joined as a party in the receivership and after a hearing, the court may modify or terminate the order.
Source: This Rule is new.

Credits

[Adopted June 29, 2020, eff. Aug. 1, 2020.]
MD Rules, Rule 13-105, MD R RECEIVERS AND ASSIGNEES Rule 13-105
Current with amendments received through May 1, 2024. Some sections may be more current, see credits for details.
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