1. (a) Subject to subsection (b) of this section, a court may appoint as an ancillary receiver for property located in the State or subject to the jurisdiction of the court for which a receiver could be appointed under this title:

   1. (1) A receiver appointed in another state; or
   2. (2) A nominee of the receiver in the other state.

2. (b) An ancillary receiver under subsection (a) of this section shall:

   1. (1) Be eligible to serve as a receiver under § 24-203 of this subtitle; and
   2. (2) Further the person's possession, custody, control, or disposition of property subject to the receivership in the other state.
3. (c) A court may issue an order that gives effect to an order entered in another state appointing or directing a receiver.
4. (d) Unless the court orders otherwise, an ancillary receiver appointed under subsection (a) of this section has the rights, powers, and duties of a receiver appointed under this title.

Added by Acts 2019, c. 284, § 1, eff. Oct. 1, 2019.