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Md. Code Ann., Com. Law § 24-702

Known as the Maryland Commercial Receivership Act

The act spans §§ 24–24 (27 sections).

(a) A receiver is entitled to all defenses and immunities under applicable State law for an act or omission within the scope of the receiver’s appointment.

(b) A person shall receive approval from the court that appointed the receiver before taking the following actions:

(1) An action against the receiver personally based on an act or omission in administering receivership property; and

(2) An action by a person other than the receiver against a professional person that has provided services to the receiver based on an act or omission in performing the services.

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