- (a) Except as otherwise provided in subsection (b) or (c) of this section, this act applies to a receivership for an interest in real property and any personal property related to or used in operating the real property.
(b) This act does not apply to a receivership for an interest in real property improved by one to 4 dwelling units unless:
- (1) The interest is used for agricultural, commercial, industrial, or mineral-extraction purposes, other than incidental uses by an owner occupying the property as the owner's primary residence;
- (2) The interest secures an obligation incurred at a time when the property was used or planned for use for agricultural, commercial, industrial, or mineral-extraction purposes;
- (3) The owner planned or is planning to develop the property into one or more dwelling units to be sold or leased in the ordinary course of the owner's business; or
- (4) The owner is collecting or has the right to collect rents or other income from the property from a person other than an affiliate of the owner.
- (c) This act does not apply to a receivership authorized by law of the District other than this act in which the receiver is a governmental unit or an individual acting in an official capacity on behalf of the governmental unit except to the extent provided by the other law.
- (d) This act does not limit the authority of the Superior Court to appoint a receiver under law of the District other than this act.
- (e) Unless displaced by a particular provision of this act, the principles of law and equity supplement this act.
History
Mar. 7, 2025, D.C. Law 25-269, § 5