Md. Code, Commercial Law § 24-702
This is the official text of Md. Code, Commercial Law § 24-702, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.
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§24–702.
Official statutory text
(a) A receiver is entitled to all defenses and immunities under applicable State law for an act or omission within the scope of the receiver’s appointment.
(b) A person shall receive approval from the court that appointed the receiver before taking the following actions:
(1) An action against the receiver personally based on an act or omission in administering receivership property; and
(2) An action by a person other than the receiver against a professional person that has provided services to the receiver based on an act or omission in performing the services.
(b) A person shall receive approval from the court that appointed the receiver before taking the following actions:
(1) An action against the receiver personally based on an act or omission in administering receivership property; and
(2) An action by a person other than the receiver against a professional person that has provided services to the receiver based on an act or omission in performing the services.
Status: in_force · Read it on the official government site
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