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<section article="gcl" article_name="Commercial Law" number="24-403" title_number="24" title_name="Maryland Commercial Receivership Act" subtitle_number="4" subtitle_name="Effect of Receivership">
  <level label="a">
    <text>Except as provided by court order, an owner shall:</text>
    <level label="1">
      <text>Assist and cooperate with the receiver in administering the receivership and discharging the receiver’s duties;</text>
    </level>
    <level label="2">
      <text>Preserve and turn over to the receiver all receivership property in the owner’s possession, custody, or control, including all depository and investment accounts;</text>
    </level>
    <level label="3">
      <text>Identify and turn over all records and other information relating to receivership property, including all passwords, keys, alarm codes, authorizations, or other information needed to obtain or maintain access to or control of receivership property;</text>
    </level>
    <level label="4">
      <text>Make available and turn over to the receiver the records and information in the owner’s possession, custody, or control, including all financial records, accounting records, bank statements, leases, and contracts;</text>
    </level>
    <level label="5">
      <text>After being issued a subpoena, submit to examination by the receiver that is under oath regarding the acts, conduct, property, liabilities, and financial condition of the owner or any matter relating to receivership property or the receivership;</text>
    </level>
    <level label="6">
      <text>Refrain from entering the receivership property at any time without the prior express written consent of the receiver;</text>
    </level>
    <level label="7">
      <text>Refrain from interfering with, obstructing, or preventing in any way the receiver’s actions regarding the receivership property; and</text>
    </level>
    <level label="8">
      <text>Perform any duty imposed by court order, this title, or a law of the State other than this title.</text>
    </level>
  </level>
  <level label="b">
    <text>If an owner is a person other than an individual, this section applies to:</text>
    <level label="1">
      <text>Any person acting in concert with the owner and the owner’s agents; and</text>
    </level>
    <level label="2">
      <text>Each officer, director, manager, member, partner, trustee, affiliate, subsidiary, or other person exercising or having the power to exercise control over the affairs of the owner.</text>
    </level>
  </level>
  <level label="c">
    <text>If a person knowingly fails to perform a duty imposed by this section, the court may:</text>
    <level label="1">
      <text>Award the receiver:</text>
      <level label="i">
        <text>Actual damages caused by the person’s failure;</text>
      </level>
      <level label="ii">
        <text>Reasonable attorney’s fees; and</text>
      </level>
      <level label="iii">
        <text>Costs; or</text>
      </level>
    </level>
    <level label="2">
      <text>Sanction the failure as civil contempt.</text>
    </level>
  </level>
</section>
