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Utah Code § 31A-44-505

Termination of receivership

Amended by Chapter 271, 2023 General Session

(1) A court may terminate a receivership of a provider's facility and order the return of the facility and the facility's assets to the provider if the court determines:

(a) the objectives of the receivership orders have been accomplished; and

(b) termination of the receivership will not jeopardize the interests of the facility's residents, creditors, owners, or the public.

(2) A court may enter an order under this section after the court enters:

(a) a full report and accounting of the conduct of the facility's affairs during the rehabilitation; and

(b) a report on the facility's financial condition.

Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.