Rule 13-105. Appointment Prior to Notice

(a) Grounds for Appointment. Upon a verified motion by the petitioner, the court may issue an order appointing a receiver before service of the show cause order and petition or motion only if (1) on evidence presented by the petitioner, the court finds on the record that the appointment is urgently required to preserve or protect property that will be receivership property from imminent waste, loss, transfer, dissipation or impairment, and (2) the petitioner posts security that satisfies the requirements of Code, Commercial Law Article, § 24-201(c)(1). (b) Order. The order shall specify the authority granted to the receiver pending further proceedings. (c) Modification or Termination of Appointment. Upon motion of any person joined as a party in the receivership and after a hearing, the court may modify or terminate the order.