§ 19-339. Termination of receivership

   (a) Petition for termination. --

   (1) The owner or operating entity or receiver of a nursing home or community program may petition the court to terminate the receivership.

   (2) The court shall terminate the receivership, if the court finds:

      (i) The grounds for appointment of the receiver under Part V of this subtitle no longer exist; or

      (ii) The nursing home or community program is ready to be closed because all residents have been moved.

(b) Automatic termination. -- A receivership ends automatically 1 year after the court appoints the receiver, unless the court:

   (1) Terminates the receivership sooner; or

   (2) On petition of the Secretary, extends the receivership for an additional 1-year period because the court finds that the grounds for appointment of a receiver under Part V of this subtitle still exist.

(c) Effect of sale. -- The sale of a nursing home or site for a community program or any of its assets does not terminate a receivership of the nursing home or community program.

HISTORY: An. Code 1957, art. 43, § 560B; 1982, ch. 21, § 2; 1988, ch. 262; 1989, ch. 109.