§ 24-202
155 words·~1 min read·
/md/commercial-law/24-202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§24–202.
(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.