Section 14-6905. BONDS

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6905.1Prior to taking charge of the operation and management of the rental accommodation, the receiver shall post a bond with the Superior Court.

6905.2The bond premiums may be paid in installments with the Superior Court.

6905.3The value of the bond shall not exceed the value of the rental housing accommodation and its furnishings, records, and other related personal property and goods.

6905.4The bond shall be deposited in the Superior Court registry for the benefit of all persons interested in the faithful performance of the receivership.

6905.5The receiver may pay the bond from the rental housing accommodation income unless the Superior court directs otherwise.

6905.6The bond requirement may be waived by the Superior Court for good cause shown.

source

Notice of Final Rulemaking published at 49 DCR 7488, 7493-7499 (August 2, 2002).

                    
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