(a) A court may terminate a rehabilitation and order return of a facility and its assets and affairs to the management of the provider if the court, on petition of the trustee or the provider or on its own motion, finds that:
(1) the objectives of the order to rehabilitate the facility have been accomplished; and
(2) the facility can be returned to the provider’s management without further jeopardy to the residents, creditors, or owners of the facility or the public.
(b) A court may enter an order under this section after:
(1) a full report and accounting of the conduct of the facility’s affairs during the rehabilitation; and
(2) a report on the facility’s financial condition.

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Terms Used In Texas Health and Safety Code 246.096

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Trustee: A person or institution holding and administering property in trust.