Maine Statutes

§ 34-B §13005 — Termination of receivership

Maine·Title 34-B BEHAVIORAL AND DEVELOPMENTAL SERVICES·Ch. 13 APPOINTMENT OF RECEIVERS
The receivership terminates when the court certifies that the conditions that prompted the appointment are corrected or, in the case of a discontinuance of operation, when the residents or clients are safely relocated. The court shall review the necessity of the receivership at least semiannually. A receivership may not be terminated in favor of the former or the new licensee, unless that person assumes all obligations incurred by the receiver and provides collateral or other assurances of payment considered sufficient by the court.

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Legislative History

PL 1997, c. 610, §3 (NEW).

Nearby Sections

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