Section 505 – Termination of rehabilitation.

• (1) A court may terminate a rehabilitation of a provider’s facility and order the return of the facility and the facility’s assets to the provider if the court determines:
  • (a) the objectives of the order to rehabilitate the facility have been accomplished; and
  • (b) the facility may be returned to the provider without further jeopardy to the facility’s residents, creditors, or owners, or the public.

• (2) A court may enter an order under this section after the court enters:
  • (a) a full report and accounting of the conduct of the facility’s affairs during the rehabilitation; and
  • (b) a report on the facility’s financial condition.

Enacted by Chapter 270, 2016 General Session