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Current as of December 31, 2021 | Updated by FindLaw Staff
(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 professionals engaged by the receiver;
(4) A list of dispositions of receivership property;
(5) A list of distributions made or proposed to be made from the receivership property for creditor claims;
(6) If not filed separately, a request for approval of the payment of fees and expenses of the receiver; and
(7) Any other information required by the court.
(b) The receiver is discharged if:
(1) A court approves a final report filed under subsection (a) of this section; and
(2) The receiver distributes all receivership property.
Cite this article: FindLaw.com - Maryland Code, Commercial Law § 24-602 - last updated December 31, 2021 | https://codes.findlaw.com/md/commercial-law/md-code-coml-sect-24-602/
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 or via Westlaw before relying on it for your legal needs.
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