Section 19-339 - Termination of receivership. - Maryland Statutes

§ 19-339. Termination of receivership.
 

(a)  Petition for termination.-  

(1) The owner or operating entity or receiver of a nursing home or community program may petition the court to terminate the receivership. 

(2) The court shall terminate the receivership, if the court finds: 

(i) The grounds for appointment of the receiver under Part V of this subtitle no longer exist; or 

(ii) The nursing home or community program is ready to be closed because all residents have been moved. 

(b)  Automatic termination.- A receivership ends automatically 1 year after the court appoints the receiver, unless the court: 

(1) Terminates the receivership sooner; or 

(2) On petition of the Secretary, extends the receivership for an additional 1-year period because the court finds that the grounds for appointment of a receiver under Part V of this subtitle still exist. 

(c)  Effect of sale.- The sale of a nursing home or site for a community program or any of its assets does not terminate a receivership of the nursing home or community program. 
 

[An. Code 1957, art. 43, § 560B; 1982, ch. 21, § 2; 1988, ch. 262; 1989, ch. 109.]