2022 Maryland Statutes
Commercial Law
Title 24 - Maryland Commercial Receivership Act
Subtitle 2 - Appointment of Receiver
Section 24-202 - Ancillary Receiver

    (a)    Subject to subsection (b) of this section, a court may appoint as an ancillary receiver for property located in the State or subject to the jurisdiction of the court for which a receiver could be appointed under this title:

        (1)    A receiver appointed in another state; or

        (2)    A nominee of the receiver in the other state.

    (b)    An ancillary receiver under subsection (a) of this section shall:

        (1)    Be eligible to serve as a receiver under § 24–203 of this subtitle; and

        (2)    Further the person’s possession, custody, control, or disposition of property subject to the receivership in the other state.

    (c)    A court may issue an order that gives effect to an order entered in another state appointing or directing a receiver.

    (d)    Unless the court orders otherwise, an ancillary receiver appointed under subsection (a) of this section has the rights, powers, and duties of a receiver appointed under this title.

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