§ 24–602

Statutes in effect as of October 1, 2026.

Md. Code Ann., Com. Law § 24-602 (2026)

Title 24. Maryland Commercial Receivership Act

Subtitle 6. Reporting

(a)

On completion of a receiver’s duties, the receiver shall file a final report that includes:

(1)

A description of the activities of the receiver during the course of the receivership;

(2)

A list of receivership property at the commencement of the receivership and any receivership property received during the receivership;

(3)

A list of disbursements, including payments to professionals engaged by the receiver;

(4)

A list of dispositions of receivership property;

(5)

A list of distributions made or proposed to be made from the receivership property for creditor claims;

(6)

If not filed separately, a request for approval of the payment of fees and expenses of the receiver; and

(7)

Any other information required by the court.

(b)

The receiver is discharged if:

(1)

A court approves a final report filed under subsection (a) of this section; and

(2)

The receiver distributes all receivership property.