DC B25-0485 | 2023-2024 | 25th Council
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 19 2023 - 25% progression
Action: 2023-10-03 - Referred to Committee on Judiciary and Public Safety
Pending: Council Judiciary and Public Safety Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 19 2023 - 25% progression
Action: 2023-10-03 - Referred to Committee on Judiciary and Public Safety
Pending: Council Judiciary and Public Safety Committee
Text: Latest bill text (Introduced) [PDF]
Summary
As introduced Bill 25-485 would establish uniform standards under which a court may appoint a receiver. It would give any interested parties the right to notice and a hearing before a court issues an order of receivership. Among other things, it gives a receiver the status of a lien creditor with respect to receivership property. It sets forth the duties of both the receiver and the owner of receivership property among other things.
Title
Uniform Commercial Real Estate Receivership Act of 2023
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-10-03 | Council | Referred to Committee on Judiciary and Public Safety |
| 2023-09-29 | Council | Notice of Intent to Act on B25-0485 Published in the DC Register |
| 2023-09-19 | Council | Introduced in Office of the Secretary |
Washington D.C. State Sources
| Type | Source |
|---|---|
| Summary | https://lims.dccouncil.gov/Legislation/B25-0485 |
| Text | https://lims.dccouncil.gov/downloads/LIMS/53886/Introduction/B25-0485-Introduction.pdf |
