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Md. Code Ann., Com. Law § 24-601

Known as the Maryland Commercial Receivership Act

The act spans §§ 24–24 (27 sections).

(a) A receiver:

(1) May file an interim report; or

(2) If ordered by the court, shall file an interim report.

(b) The interim report under subsection (a) of this section shall include:

(1) The activities of the receiver since appointment or a previous interim report;

(2) Receipts and disbursements, including any payment made or proposed to be made to a professional engaged by the receiver;

(3) Receipts and dispositions of receivership property;

(4) Fees and expenses of the receiver and, if not filed separately, a request for approval of payment of the fees and expenses; and

(5) Any other information required by the court.

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