Maryland Commercial Receivership Act

Bill Number:  HB1065

Bill Sponsor(s):  Delegate Carey

Subject:  Economic Matters

Bill Summary:

Establishing a framework for a court to oversee the management and disposition of commercial property subject to receivership; providing standards and guidelines for the appointment, authority, and termination of a receiver over receivership property; establishing duties that may be required of a receiver; establishing a procedure for the transfer of receivership property; repealing certain provisions of law regarding an assignee for the benefit of creditors; etc.

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