# COMAR Title 14 — Independent Agencies

## Subtitle 17 — Maryland Cannabis Administration

### Chapter 17 — Secured Creditors and Receivership

#### Regulation .03 Selection of an Eligible Receiver.

*COMAR 14.17.17.03*

A. A creditor may select an eligible receiver who is registered with the Administration to oversee the disposition of a cannabis license if the licensee is the subject of a court order requiring appointment of a receiver.

B. Within 10 business days of a court order requiring appointment of a receiver, the creditor shall submit to the Administration:

  (1) Proof of the creditor’s secured interest in the proceeds from a sale of the license of the associated licensee;

  (2) Proof of a court order requiring appointment of a receiver; and

  (3) Any additional information requested by the Administration.