Current through the 2024 Fourth Special Session
Section 31A-44-505 - Termination of receivership(1) A court may terminate a receivership of a provider's facility and order the return of the facility and the facility's assets to the provider if the court determines: (a) the objectives of the receivership orders have been accomplished; and(b) termination of the receivership will not jeopardize the interests of the facility's residents, creditors, owners, or the public.(2) A court may enter an order under this section after the court enters: (a) a full report and accounting of the conduct of the facility's affairs during the rehabilitation; and(b) a report on the facility's financial condition.Amended by Chapter 271, 2023 General Session ,§ 7, eff. 5/3/2023.Added by Chapter 270, 2016 General Session ,§ 34, eff. 5/10/2016.