Section 24-403 – Responsibilities of Owner of Property
(a) Except as provided by court order, an owner shall: (1) Assist and cooperate with the receiver in administering the receivership and discharging the receiver’s duties; (2) Preserve and turn over to the receiver all receivership property in the owner’s possession, custody, or control, including all depository and investment accounts; (3) Identify and turn over all records and other […]
Section 24-404 – Property Acquired After Appointment of Receiver
Except as otherwise provided by a law of the State other than this title, property that a receiver or an owner acquires after appointment of the receiver is subject to a security agreement entered into before the appointment to the same extent as if the court had not appointed the receiver.
Section 24-405 – Rights of Mortgagee
A request by a mortgagee for the appointment of a receiver, the appointment of a receiver, or the application by a mortgagee of receivership property or proceeds to the secured obligation does not: (1) Make the mortgagee a mortgagee in possession of the real property; (2) Make the mortgagee an agent of the owner; (3) Constitute an election […]
Section 24-406 – Assigned Property
(a) An assignee for the benefit of creditors shall be treated as a receiver appointed under § 24–201(a)(3) of this title. (b) The property assigned shall be treated as receivership property. (c) Except for § 24–201 of this title, this title shall govern all proceedings following the filing of the assignment.
Section 24-501 – Authority of Court to Issue Orders; Master Service List
(a) Except as otherwise provided in subsection (b) of this section, the court may issue an order under this title only after notice and an opportunity for a hearing. (b) The court may issue an order under this title: (1) If the circumstances require issuance of an order before notice is given, without prior notice; (2) If the circumstances […]
Section 24-502 – Final Order
If an order entered in a proceeding under this title is not a final order and the court determines in a written order that there is no just reason for delay, the court may direct the entry of a final order as set forth in Maryland Rule 2–602(b).
Section 24-601 – Interim Report
(a) A receiver: (1) May file an interim report; or (2) If ordered by the court, shall file an interim report. (b) The interim report under subsection (a) of this section shall include: (1) The activities of the receiver since appointment or a previous interim report; (2) Receipts and disbursements, including any payment made or proposed to be made to a […]
Section 24-602 – Final Report; Discharge of Receiver
(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 […]
Section 24-701 – Fees and Expenses
(a) A court may award to a receiver from receivership property or proceeds the reasonable and necessary fees and expenses of performing the duties and exercising the powers of the receiver. (b) A court may order one or more of the following persons to pay the reasonable and necessary fees and expenses of the receivership, including reasonable […]
Section 22-813 – Continuing Use
On breach of contract by a licensor, the following rules apply: (1) A licensee that has not canceled the contract may continue to use the information and informational rights under the contract. If the licensee continues to use the information or informational rights, the licensee is bound by all terms of the contract, including contractual use […]