2019 Maryland Code
Commercial Law
Title 24 - Maryland Commercial Receivership Act.
Subtitle 2 - Appointment of Receiver.
§ 24-204. Bond or security.

    (a)    The court may:

        (1)    Require a receiver to post a bond or security with the court;

        (2)    Authorize a receiver to act without posting a bond or other security; or

        (3)    Authorize a receiver to act before the receiver posts any bond required by the court.

    (b)    If a court requires a bond to be posted under subsection (a) of this section, the bond shall be:

        (1)    Conditioned on the faithful discharge of the receiver’s duties;

        (2)    With one or more sureties approved by the court;

        (3)    In an amount the court specifies; and

        (4)    Effective as of the date of the receiver’s appointment.

    (c)    The court may also authorize a receiver to act without posting a bond or other security.

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