2021 Maryland Statutes
Commercial Law
Title 24 - Maryland Commercial Receivership Act
Subtitle 6 - Reporting
Section 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.

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