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MARYLAND STATUTES AND CODES

Section 19-339 - Termination of receivership.

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§ 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.]
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  • § 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.] 
     

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