Section 1110 - Termination of conservatorshipUpon request of a party in interest or the conservator, the court may order the termination of the conservatorship if it determines:
(1) the conditions that were the grounds for the petition and all other code violations have been abated or corrected, the obligations, expenses and improvements of the conservatorship, including all fees and expenses of the conservator, have been fully paid or provided for and the purposes of the conservatorship have been fulfilled;(2) the owner, mortgagee or lienholder has requested the conservatorship be terminated and has provided adequate assurances to the court that the conditions that constituted grounds for the petition will be promptly abated, all obligations, expenses and improvements of the conservatorship, including all fees and expenses of the conservator, have been fully paid or provided for and the purposes of the conservatorship have been fulfilled;(3) the building has been sold by the conservator and the proceeds distributed in accordance with section 9(d) ; or(4) the conservator has been unable, after diligent effort, to present a plan that could be approved under section 6(b)(3) or to implement a previously approved plan or, for any reason, the purposes of the conservatorship cannot be fulfilled.2008, Nov. 26, P.L. 1672, No. 135, §10, effective in 90 days [ 2/24/2009].