RECEIVER OF SINGLE-SOURCE CONTINUUM CONTRACTOR.

A court of competent jurisdiction may appoint a receiver for a single-source continuum contractor or any of its parts, divisions, components, or companies on the petition of the department if:

(1) after being subject to a quality improvement plan, corrective action plan, or other remedial statutory or contract measures, the contractor continues to fail to satisfactorily perform under the community-based care contract;

(2) the contractor:

(A) provides the department notice of the contractor's intent to cease operations not later than the 60th day before the date the contractor intends to cease operations; and

(B) has not made arrangements for another single-source continuum contractor or the department to continue the uninterrupted provision of services under the community-based care contract;

(3) conditions exist, as determined by the department, within the contractor that present an imminent danger to the health, safety, or welfare of the children under the conservatorship of the department in the contractor's care;

(4) the contractor has failed to provide adequate information to the department regarding a child under the conservatorship of the department in the contractor's care;

(5) the contractor has failed to comply with a court order or incurred a sanction against the department due to failure to comply with a court order; or

(6) the contractor cannot meet or is unlikely to be able to meet financial obligations related to services provided under the community-based care contract, including financial obligations to employees, contractors, or foster parents.