Md. Code, Commercial Law § 24-701

§24–701.

Year: 2026Length: 105 wordsSubsections: 2Official source
(a) A court may award to a receiver from receivership property or proceeds the reasonable and necessary fees and expenses of performing the duties and exercising the powers of the receiver. (b) A court may order one or more of the following persons to pay the reasonable and necessary fees and expenses of the receivership, including reasonable attorney’s fees and costs: (1) A person that requested the appointment of the receiver, if the receivership does not produce sufficient funds to pay the fees and expenses; or (2) A person whose conduct would have justified the appointment of the receiver under § 24–201(a)(1) of this title.
Md. Code, Commercial Law § 24-701: §24–701. | Justis AI