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Maryland Code, Commercial Law § 24-205

Current as of January 01, 2025 | Updated by Findlaw Staff

A court that appoints a receiver under this title:

(1) Has exclusive jurisdiction to direct the receiver and determine any controversy related to the receivership or receivership property wherever located within the State, including all controversies relating to:

(i) The collection, preservation, improvement, disposition, and distribution of receivership property;

(ii) The exercise of the receiver's powers; or

(iii) The performance of the receiver's duties; and

(2) May, on motion by a party in interest or on its own initiative, assign the receivership to a judge who shall be responsible for the entire case during the course of the receivership.

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Cite this article: FindLaw.com - Maryland Code, Commercial Law § 24-205 - last updated January 01, 2025 | https://codes.findlaw.com/md/commercial-law/md-code-coml-sect-24-205/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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