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2012 Maine Revised Statutes
TITLE 22: HEALTH AND WELFARE
Chapter 1666-A: APPOINTMENT OF RECEIVERS
22 §7935. Termination of receivership


22 ME Rev Stat § 7935 (2012 through 125th Legis) What's This?

Subtitle 6: FACILITIES FOR CHILDREN AND ADULTS

§7935. Termination of receivership

The receivership terminates when the court certifies that the conditions that prompted the appointment have been 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. [1995, c. 620, §8 (AMD).]

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. [1995, c. 620, §8 (AMD).]

SECTION HISTORY

1983, c. 454, (NEW). 1995, c. 620, §8 (AMD).

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