Current through Register Vol. 35, No. 11, June 11, 2024
Section 7.1.11.12 - PROVISIONS SOUGHT IN AN ORDER GRANTING PETITION FOR HEALTH FACILITY RECEIVERSHIPThe secretary will seek provisions in the Order granting the Petition pertaining to:
A. Prior approval from the district court for the sale or purchase of real property;B. Periodic accounting to the court and the parties;C. The posting of bond for the deputy receiver and the waiver of any such bonds;D. Allocation of income and assets of the health facility to the receiver to carry out the purposes of the receivership;E. Expansion and restrictions on the statutory authority granted to the receiver or deputy receiver;F. The scope of the receivership estate; and,G. Any other provisions deemed necessary to carry out the duties, authority and responsibilities of the deputy receiver, including provisions that may limit or expand the duties, authority and responsibilities.7.1.11.12 NMAC - N, 1/15/02