§ 24-202

Maryland § 24-202

• Jurisdiction: Maryland
• Article gcl: Commercial Law
• Title: 24

Text

(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.