Maryland § 10-499
Full text of Maryland Maryland Code § 10-499, with citation guidance and answers to common questions.
§ 10-499.
(a) The Department may use the receivership provisions of Part VIII of this subtitle to protect the interests of subscribers in:
(1) the substantial advance payments subscribers have made in the form of entrance fees and, when applicable, periodic fees, for future continuing care without necessarily having any ownership in or control of the provider or the facility;
(2) the insurance aspects of continuing care agreements, as applicable; and
(3) the continued delivery of services committed to under continuing care agreements.
(b) The Department may petition for the appointment of a receiver:
(1) if there is a threat of immediate closure of a facility;
(2) if the provider is not honoring its contracts with its subscribers;
(3) to prohibit the improper diversion of the provider’s assets and records from the facility or the State; or
(4) if the Department has made a determination of a significant risk of financial failure in accordance with §§ 10-467 and 10-469 of this subtitle.
(c) The Department may petition for the appointment of a receiver before the provider files a plan of correction.
(d) The receiver may rehabilitate, conserve, or liquidate as provided by the order of appointment and Part VIII of this subtitle.
Frequently Asked Questions About Maryland § 10-499
What does Maryland Code § 10-499 cover?
Section 10-499 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 § 10-499?
A common citation format is "Maryland Code § 10-499" (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 § 10-499 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.