Public-domain · open source
OpenJurist

Md. Code Ann., Com. Law § 24-406

Known as the Maryland Commercial Receivership Act

The act spans §§ 24–24 (27 sections).

(a) An assignee for the benefit of creditors shall be treated as a receiver appointed under § 24–201(a)(3) of this title.

(b) The property assigned shall be treated as receivership property.

(c) Except for § 24–201 of this title, this title shall govern all proceedings following the filing of the assignment.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.