Md. Code, Com. § 24-202

Current with changes from the 2024 Legislative Session
Section 24-202 - Ancillary receiver
(a) Subject to subsection (b) of this section, a court may appoint as an ancillary receiver for property located in the State or subject to the jurisdiction of the court for which a receiver could be appointed under this title:
(1) A receiver appointed in another state; or
(2) A nominee of the receiver in the other state.
(b) An ancillary receiver under subsection (a) of this section shall:
(1) Be eligible to serve as a receiver under § 24-203 of this subtitle; and
(2) Further the person's possession, custody, control, or disposition of property subject to the receivership in the other state.
(c) A court may issue an order that gives effect to an order entered in another state appointing or directing a receiver.
(d) Unless the court orders otherwise, an ancillary receiver appointed under subsection (a) of this section has the rights, powers, and duties of a receiver appointed under this title.

Md. Code, CL § 24-202

Added by 2019 Md. Laws, Ch. 284,Sec. 1, eff. 10/1/2019.