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Maryland Code, Commercial Law § 24-602

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(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: - Maryland Code, Commercial Law § 24-602 - last updated December 31, 2021 |

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