Md. Code, Corp. & Ass'ns § 3-411

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024
Section 3-411 - Appointment of receiver in voluntary dissolution
(a) A director, stockholder, or creditor of a Maryland corporation which is dissolving voluntarily may petition a court of equity to take jurisdiction of the liquidation of the corporation.
(b) After notice and hearing, the court for good cause shown may order the corporation liquidated under court supervision either by the directors or by one or more receivers appointed by the court.
(c) The authority of the directors terminates when a court appoints a receiver.

Md. Code, CA § 3-411