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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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