Maine Revised Statutes Title 34-B Sec. 13005 – Termination of receivership
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Terms Used In Maine Revised Statutes Title 34-B Sec. 13005
- Licensee: means any person or any other legal entity, other than a receiver appointed under section 13003, who is licensed or required to be licensed to operate a facility or to provide services. See Maine Revised Statutes Title 34-B Sec. 13002
The receivership terminates when the court certifies that the conditions that prompted the appointment are corrected or, in the case of a discontinuance of operation, when the residents or clients are safely relocated. The court shall review the necessity of the receivership at least semiannually. [PL 1997, c. 610, §3 (NEW).]
A receivership may not be terminated in favor of the former or the new licensee, unless that person assumes all obligations incurred by the receiver and provides collateral or other assurances of payment considered sufficient by the court. [PL 1997, c. 610, §3 (NEW).]
SECTION HISTORY
PL 1997, c. 610, §3 (NEW).