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Maryland Code, Commercial Law § 24-701

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

(a) A court may award to a receiver from receivership property or proceeds the reasonable and necessary fees and expenses of performing the duties and exercising the powers of the receiver.

(b) A court may order one or more of the following persons to pay the reasonable and necessary fees and expenses of the receivership, including reasonable attorney's fees and costs:

(1) A person that requested the appointment of the receiver, if the receivership does not produce sufficient funds to pay the fees and expenses; or

(2) A person whose conduct would have justified the appointment of the receiver under § 24-201(a)(1) of this title.

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Cite this article: FindLaw.com - Maryland Code, Commercial Law § 24-701 - last updated January 01, 2025 | https://codes.findlaw.com/md/commercial-law/md-code-coml-sect-24-701/

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