Md. Code, Commercial Law § 24-406
This is the official text of Md. Code, Commercial Law § 24-406, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.
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§24–406.
Official statutory text
(a) An assignee for the benefit of creditors shall be treated as a receiver appointed under § 24–201(a)(3) of this title.
(b) The property assigned shall be treated as receivership property.
(c) Except for § 24–201 of this title, this title shall govern all proceedings following the filing of the assignment.
(b) The property assigned shall be treated as receivership property.
(c) Except for § 24–201 of this title, this title shall govern all proceedings following the filing of the assignment.
Status: in_force · Read it on the official government site
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