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Utah Code Title 31A. Insurance Code § 31A-44-505. Termination of receivership

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

(1) A court may terminate a receivership of a provider's facility and order the return of the facility and the facility's assets to the provider if the court determines:

(a) the objectives of the receivership orders have been accomplished; and

(b) termination of the receivership will not jeopardize the interests of the facility's residents, creditors, owners, or the public.

(2) A court may enter an order under this section after the court enters:

(a) a full report and accounting of the conduct of the facility's affairs during the rehabilitation; and

(b) a report on the facility's financial condition.

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Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-44-505. Termination of receivership - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-44-505/

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