§ 24–204

Statutes in effect as of October 1, 2026.

Md. Code Ann., Com. Law § 24-204 (2026)

Title 24. Maryland Commercial Receivership Act

Subtitle 2. Appointment of Receiver

(a)

The court may:

(1)

Require a receiver to post a bond or security with the court;

(2)

Authorize a receiver to act without posting a bond or other security; or

(3)

Authorize a receiver to act before the receiver posts any bond required by the court.

(b)

If a court requires a bond to be posted under subsection (a) of this section, the bond shall be:

(1)

Conditioned on the faithful discharge of the receiver’s duties;

(2)

With one or more sureties approved by the court;

(3)

In an amount the court specifies; and

(4)

Effective as of the date of the receiver’s appointment.

(c)

The court may also authorize a receiver to act without posting a bond or other security.