15 Miss. Code. R. 16-1-49.47.9

Current through December 10, 2024
Rule 15-16-1-49.47.9 - Authority of Temporary Manager

The temporary manager shall not have the authority to do the following:

1. To cause or direct the ICF-IID and/or the ICF-IID residential community Home or its owner to incur debt or to enter into any contract with a duration beyond the term of the temporary management of the ICF-IID and/or the ICF-IID residential community home;
2. To cause or direct the ICF-IID and/or the ICF-IID residential community home encumber its assets or receivables, or the premises on which it is located, with any lien or other encumbrances;
3. To cause or direct the sale of the ICF-IID or the ICF-IID residential community home, its assets, or the premises on which it is located;
4. To cause or direct the ICF-IID and/or the ICF-IID residential community home to cancel or reduce its liability or casualty insurance coverage;
5. To cause or direct the ICF-IID and/or the ICF-IID residential community home to default upon any valid obligations previously undertaken by the owners or operators of the ICF-IID and/or the ICF-IID residential community home including but not limited to, leases, mortgages, and security interests; and
6. To incur capital expenditures in excess of two-thousand dollars ($2,000.00) without the permission of the owner of the ICF-IID and/or the ICF-IID residential community home and the licensing agency.

15 Miss. Code. R. 16-1-49.47.9

Miss. Code Ann. § 43-11-13