<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".03" citation="COMAR 14.17.17.03" title_num="14" subtitle_num="17" chapter_num="17" heading="Selection of an Eligible Receiver.">
  <paragraph num="A.">
    <text>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.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Within 10 business days of a court order requiring appointment of a receiver, the creditor shall submit to the Administration:</text>
    <paragraph num="(1)">
      <text>Proof of the creditor’s secured interest in the proceeds from a sale of the license of the associated licensee;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Proof of a court order requiring appointment of a receiver; and</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Any additional information requested by the Administration.</text>
    </paragraph>
  </paragraph>
</regulation>