WILLIAM DONALD SCHAEFER, Governor Ch. 262

(c)  (1) Before the receiver takes charge of the nursing
home OR COMMUNITY RESIDENTIAL PROGRAM, the receiver shall file a
bond with the court.

(2)  The bond:

(i) May not exceed the value of the nursing
home OR COMMUNITY RESIDENTIAL PROGRAM and its assets; and

(ii) Shall run to this State for benefit of all
persons interested in the faithful performance of the receiver
INCLUDING THE RESIDENTS.

(3)  Unless the court directs otherwise, the receiver
may pay the premium of the bond from the income of the nursing
home.

(d)  The Secretary may petition the court to appoint a
substitute for a receiver who:

(1)  Dies;

(2)  Has a disability;

(3)  Has an adverse interest; or

(4)  Does not make reasonable progress in carrying out
the receivership.

19-337.

(a)  (1) Except as expressly provided otherwise in this
section, each receiver who is appointed under Part V of this
subtitle has all of the powers of a receiver who is appointed
under § 3-414 of the Corporations and Associations Article.

(2) The receiver shall perform all acts that are
necessary and exercise the powers of the receiver to:

(i) Correct each condition on which the
appointment of the receiver was based;

(ii) Ensure adequate care for each resident of
the nursing home OR COMMUNITY RESIDENTIAL PROGRAM; and

(iii) Preserve the property of the owner of the
nursing home OR COMMUNITY RESIDENTIAL PROGRAM.

(b)  The receiver shall report to the court as the court
requires.

(c)  The receiver of a nursing home OR COMMUNITY RESIDENTIAL
PROGRAM shall:

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