§ 24-602. Final report; discharge of receiver.

MD Comm L Code § 24-602 (2019) (N/A)
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(a)    On completion of a receiver’s duties, the receiver shall file a final report that includes:

(1)    A description of the activities of the receiver during the course of the receivership;

(2)    A list of receivership property at the commencement of the receivership and any receivership property received during the receivership;

(3)    A list of disbursements, including payments to professionals engaged by the receiver;

(4)    A list of dispositions of receivership property;

(5)    A list of distributions made or proposed to be made from the receivership property for creditor claims;

(6)    If not filed separately, a request for approval of the payment of fees and expenses of the receiver; and

(7)    Any other information required by the court.

(b)    The receiver is discharged if:

(1)    A court approves a final report filed under subsection (a) of this section; and

(2)    The receiver distributes all receivership property.