§ 5905. Receivership procedures.
219 words·~1 min read·
/de/title-25/chapter-59-tenant-s-receivership/5905·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The receiver shall be the Division of Consumer Protection of the State or its successor agency.
(1)Upon its appointment, the receiver must make within 15 days an independent finding whether there is proper cause shown for the need for rent to be paid to it and for the employment of a private contractor to correct the condition complained of in § 5901 of this title and found by the Court to exist.
(2)If the receiver shall make such a finding, it shall file a copy of the finding with the recorder of deeds of the county where the property lies and it shall be a lien on that property where the violation complained of exists.
(3)Upon completion of the aforesaid contractual work and full payment of the contractor, the receiver shall file a certification of such with the recorder of deeds of the appropriate county, and this filing shall release the aforesaid lien.
(4)The receiver shall forthwith give notice to all lienholders of record.
(5)If the receiver shall make a finding at such time or any other time that for any reason the appointment of a receiver is not appropriate, it shall be discharged upon notification of the Court and all interested parties and shall make legal distribution of any funds in its possession.