§ 24-202. Ancillary receiver.

MD Comm L Code § 24-202 (2019) (N/A)
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(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.