§ 42-1643 — Scope; exclusions.

District of Columbia § 42-1643

• Jurisdiction: District of Columbia
• Title 42: Real Property.
• Ch. 16B: Uniform Commercial Real Estate Receivership.

Text

(a) Except as otherwise provided in subsection (b) or (c) of this section, this act applies to a receivership for an interest in real property and any personal property related to or used in operating the real property.

(b) This act does not apply to a receivership for an interest in real property improved by one to 4 dwelling units unless:

(1) The interest is used for agricultural, commercial, industrial, or mineral-extraction purposes, other than incidental uses by an owner occupying the property as the owner's primary residence;

(2) The interest secures an obligation incurred at a time when the property was used or planned for use for agricultural, commercial, industrial, or mineral-extraction purposes;

(3) The owner planned or is planning to develop the property into one or more dwelling units to be sold or leased in the ordinary course of the owner's business; or

(4) The owner is collecting or has the right to collect rents or other income from the property from a person other than an affiliate of the owner.

(c) This act does not apply to a receivership authorized by law of the District other than this act in which the receiver is a governmental unit or an individual acting in an official capacity on behalf of the governmental unit except to the extent provided by the other law.

(d) This act does not limit the authority of the Superior Court to appoint a receiver under law of the District other than this act.

(e) Unless displaced by a particular provision of this act , the principles of law and equity supplement this act.