Maryland § 24-703
Full text of Maryland Maryland Code § 24-703, with citation guidance and answers to common questions.
§ 24-703.
(a) A court may remove a receiver for cause on its own motion or the motion of an interested party.
(b) A court shall replace a receiver that dies, resigns, or is removed.
(c) A receiver replaced under subsection (b) of this section is discharged if a court finds that a receiver that resigns or is removed, or the representative of a deceased receiver, has:
(1) Accounted fully for and turned over to the successor receiver all receivership property; and
(2) Filed a report of all receipts and disbursements during the service of the replaced receiver.
(d) On the transfer of title to any receivership property, the receivership shall terminate automatically as to receivership property subject to the requirements of § 24–602 of this title.
(e) A court may discharge a receiver and terminate the court’s administration of the receivership property if the court finds that:
(1) Appointment of the receiver was improvident; or
(2) The circumstances no longer warrant continuation of the receivership.
Frequently Asked Questions About Maryland § 24-703
What does Maryland Code § 24-703 cover?
Section 24-703 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 24-703?
A common citation format is "Maryland Code § 24-703" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 24-703 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.