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 24-301 – Rights, Powers, and Duties
(a) Except as limited by court order or a law of the State other than this title, a receiver may: (1) Collect, control, manage, conserve, and protect receivership property; (2) Operate a business constituting receivership property, including preservation, use, sale, lease, license, exchange, collection, or disposition of the property in the ordinary course of business; (3) In the ordinary […]
Section 24-702 – Defenses and Immunities; Actions
(a) A receiver is entitled to all defenses and immunities under applicable State law for an act or omission within the scope of the receiver’s appointment. (b) A person shall receive approval from the court that appointed the receiver before taking the following actions: (1) An action against the receiver personally based on an act or omission in […]
Section 24-302 – Creditor’s Claims
(a) Except as provided in subsection (f) of this section, a receiver shall give notice of the appointment of the receiver to creditors of the owner if: (1) The receivership is a receivership under § 24–103(a)(2) or (3) of this title; or (2) Ordered by a court. (b) (1) The receiver shall provide the notice required under subsection (a) of […]