Utah § 31A-44-505 Termination of receivership.

Utah Statutes

§ 31A-44-505 — Termination of receivership.

Utah § 31A-44-505

Title 31AInsurance Code

Ch. 31A-44Continuing Care Provider Act

Part 31A-44-5Rehabilitation and Liquidation

This text of Utah § 31A-44-505 (Termination of receivership.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 31A-44-505 (2026).

Text

(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:

(1)(a) the objectives of the receivership orders have been accomplished; and

(1)(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:

(2)(a) a full report and accounting of the conduct of the facility's affairs during the rehabilitation; and

(2)(b) a report on the facility's financial condition.

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(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:

(1)(a) the objectives of the receivership orders have been accomplished; and
(1)(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:

(2)(a) a full report and accounting of the conduct of the facility's affairs during the rehabilitation; and
(2)(b) a report on the facility's financial condition.