Maryland § 10-485
Full text of Maryland Maryland Code § 10-485, with citation guidance and answers to common questions.
§ 10-485.
(a) Whenever under this subtitle a receiver is to be appointed in a delinquency proceeding for a provider, the court shall:
(1) appoint the Secretary as receiver; and
(2) order the Secretary promptly to take possession of the assets of the provider and to administer the assets under the orders of the court.
(b) Beginning on the date of issuance of an order that directs the Secretary to rehabilitate or liquidate a provider, the Secretary as receiver is vested by operation of law with title to and may take possession of all of the property, contracts, rights of action, books, and records of the provider, wherever located.
(c) The filing of the order that directs possession to be taken, or a certified copy of the order, in an office where instruments affecting title to property are required to be filed provides the same notice as would be provided by a deed, bill of sale, or other evidence of title that is so filed.
(d) (1) The Secretary as receiver shall administer properly all assets that come into the possession or control of the Secretary.
(2) If considered desirable to protect the assets, the court at any time may require a bond from the Secretary or deputy secretary.
(3) On taking possession of the assets of a provider and subject to the direction of the court, the Secretary immediately shall:
(i) conduct the business of the provider; or
(ii) take action authorized by this subtitle to rehabilitate, liquidate, or conserve the affairs or assets of the provider.
Frequently Asked Questions About Maryland § 10-485
What does Maryland Code § 10-485 cover?
Section 10-485 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 § 10-485?
A common citation format is "Maryland Code § 10-485" (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 § 10-485 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.