MARVIN MANDEL, Governor

1651

The only other changes are in style.

3-416.            [[RECEIVER NOT DISQUALIFIED BECAUSE OF

INTEREST]]. APPOINTMENT OF OFFICER, DIRECTOR, OR

STOCKHOLDER AS RECEIVER.

[[(A) WHO MAY SERVE.]]

THE COURT MAY APPOINT ANY PERSON AS RECEIVER,
INCLUDING AN OFFICER, DIRECTOR, OR STOCKHOLDER OF THE
CORPORATION.

[[(B) DISCLOSURE OF INTEREST.

IF HE HAS AN ADVERSE INTEREST IN THE PROCEEDINGS,
THE RECEIVER SHALL DISCLOSE IT TO THE COURT.]]

REVISOR'S NOTE: Subsection (a) of this section
appears as the second sentence of Art. 23 ,§

80A(a).

Subsection (b) of this section briefly
restates the provisions of Rule BP1. For a
fuller explanation of the disclosure
procedure, the options available to the court
in the event of disclosure, and the
consequences of the receiver's failure to
disclose, see Rule BP3.

The first sentence of Art. 23, §80A(a) dealing
with venue is deleted since it is covered by
CJ §6—201.

The powers of a receiver now appear in §3—418
of this article,

The only other changes are in style.

3-417. CERTIFICATION TO DEPARTMENT; NOTICE TO TAX
COLLECTORS - INVOLUNTARY DISSOLUTION.

(A)   CONTENTS OF ORDER.

IF A COURT DECLARES A CORPORATION DISSOLVED, THE
ORDER SHALL DIRECT THE CLERK OF THE COURT TO CERTIFY
PROMPTLY TO THE DEPARTMENT THAT THE ORDER HAS BEEN
ENTERED. IF THE ORDER IS LATER ANNULLED, THE ORDER OF
ANNULMENT SHALL CONTAIN A SIMILAR DIRECTION.

(B)   LIST OF TAX COLLECTORS.

[[ON WRITTEN REQUEST OF THE PARTY SEEKING
DISSOLUTION]] ON NOTICE FROM THE COUNSEL OF RECORD OF A
PARTY SEEKING DISSOLUTION THAT THE ENTRY OF AN ORDER OF