# Commercial Law (GCL)

## Title 24. Maryland Commercial Receivership Act

### Subtitle 4. Effect of Receivership

#### Section 24-406

(a) An assignee for the benefit of creditors shall be treated as a receiver appointed under Sec. 24-201(a)(3) of this title.

(b) The property assigned shall be treated as receivership property.

(c) Except for Sec. 24-201 of this title, this title shall govern all proceedings following the filing of the assignment.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)