An interim report shall be filed by a receiver or assignee at such times as the receiver or assignee determines is appropriate or as ordered by the court.
An interim report shall be substantially in the form approved by the State Court Administrator and posted on the Judiciary website. The form shall comply with Code, Commercial Law Article, § 24-601.
A final report shall be filed by a receiver or assignee upon completion of the receiver's or assignee's duties.
A final report shall be substantially in the form approved by the State Court Administrator and posted on the Judiciary website. The form shall comply with Code, Commercial Law Article, § 24-602.
For each calendar month during which the receiver or assignee conducts the business of the debtor, the receiver or assignee shall file a report listing the receipts and disbursements in reasonable detail. The report shall be filed not later than the 15th day after the end of the monthly reporting period.
Nothing in this Rule shall be construed to abridge the power of the court to require a receiver or assignee to submit reports covering periods greater or lesser, or at times earlier or later, than those prescribed in this Rule or to require the submission of more detailed information than that which is prescribed in this Rule.
If requested by the court, the trust clerk shall examine all reports submitted pursuant to this Rule. The trust clerk shall determine whether all required information has been submitted and whether the amount of and surety on the bond of the receiver or assignee are sufficient to protect the estate.
Unless the court orders otherwise, the trust clerk need not examine the property of the estate.
The trust clerk shall (A) report any irregularities in the report to the court, (B) bring to the court's attention any other matter that the trust clerk considers appropriate, and (C) make any appropriate recommendation, all of which shall be served on the receiver or assignee and on any person directly or indirectly affected by the report or recommendation.
Md. R. Rec. & Assign. 13-501
This Rule is derived in part from former Rule BP9 a, b, d, e, f, and g, and is in part new.
HISTORICAL NOTES
2000 Orders
The May 9, 2000, order, in section (b), in the form, deleted the prefix "19" in the year.
Derivation:
Maryland Rule of Procedure BP4, adopted Sept. 15, 1961, eff. Jan. 1, 1962, amended April 6, 1984, eff. July 1, 1984, related to claims, notice, filing, and exceptions, rescinded June 5, 1996, eff. Jan. 1, 1997.