35-2-1106. Termination of receivership.
(a) The court, upon a motion by the receiver, the health care facility or the owner of the physical facility, may terminate the receivership if:
(i) The receivership is no longer necessary because the conditions which gave rise to the receivership no longer exist;
(ii) All of the residents in the facility have been transferred or discharged and the facility is ready to be closed; or
(iii) The owner of the physical facility or the health care facility enters into a lease or sale agreement with a prospective operator of the facility who is licensed or can be licensed by the department and who in the judgment of the department will likely remedy the cause of the receivership.
(b) In its termination order, the court may include terms it deems necessary to prevent the future occurrence of the conditions upon which the receivership was ordered.