A receiver may file a motion for permission to resign in the court in which the receiver was appointed. An assignee may file a motion to resign in the court in which a petition to assume jurisdiction of the estate has been filed. The motion shall state the reasons for the proposed resignation and may include a request for the appointment of a successor receiver or assignee.
The receiver or assignee shall file with the motion a report pursuant to Rule 13-501 for any period not covered in any report previously filed or, if no previous report has been filed, from the date the receiver or assignee took charge of the estate.
The resignation of a receiver or assignee does not terminate the appointment until the receiver or assignee has accounted for and turned over all property of the estate and the resignation has been approved by the court.
In an order granting the motion, the court may specify any conditions for the acceptance of the resignation that the nature of the case may require.
Md. R. Rec. & Assign. 13-702
This Rule is in part derived from former Rule V81 and is in part new.
The March 9, 2010, order, in subsec. (b), corrected a cross reference.
Maryland Rule of Procedure V81, revised eff. Feb. 2, 1970, related to resignation of fiduciaries, rescinded June 5, 1996, eff. Jan. 1, 1997.