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2019 Maryland Code
Commercial Law
Title 24 - Maryland Commercial Receivership Act.
Subtitle 7 - Actions Against Receiver and Termination of Receivership.
§ 24-701. Fees and expenses.
Universal Citation: MD Comm L Code § 24-701 (2019)
(a) A court may award to a receiver from receivership property or proceeds the reasonable and necessary fees and expenses of performing the duties and exercising the powers of the receiver.
(b) A court may order one or more of the following persons to pay the reasonable and necessary fees and expenses of the receivership, including reasonable attorney’s fees and costs:
(1) A person that requested the appointment of the receiver, if the receivership does not produce sufficient funds to pay the fees and expenses; or
(2) A person whose conduct would have justified the appointment of the receiver under § 24–201(a)(1) of this title.
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