The owner or operating entity or receiver of a nursing home or community program may petition the court to terminate the receivership. The court shall terminate the receivership, if the court finds: The grounds for appointment of the receiver under Part V of this subtitle no longer exist; or The nursing home or community program is ready to be closed because all residents have been moved. A receivership ends automatically 1 year after the court appoints the receiver, unless the court: Terminates the receivership sooner; or On petition of the Secretary, extends the receivership for an additional 1-year period because the court finds that the grounds for appointment of a receiver under Part V of this subtitle still exist. The sale of a nursing home or site for a community program or any of its assets does not terminate a receivership of the nursing home or community program.