2019 Maryland Code
Commercial Law
Title 24 - Maryland Commercial Receivership Act.
Subtitle 6 - Reporting.
§ 24-602. Final report; discharge of receiver.
(a) On completion of a receiver’s duties, the receiver shall file a final report that includes:
(1) A description of the activities of the receiver during the course of the receivership;
(2) A list of receivership property at the commencement of the receivership and any receivership property received during the receivership;
(3) A list of disbursements, including payments to professionals engaged by the receiver;
(4) A list of dispositions of receivership property;
(5) A list of distributions made or proposed to be made from the receivership property for creditor claims;
(6) If not filed separately, a request for approval of the payment of fees and expenses of the receiver; and
(7) Any other information required by the court.
(b) The receiver is discharged if:
(1) A court approves a final report filed under subsection (a) of this section; and
(2) The receiver distributes all receivership property.
