§ 33-2606 – Disqualification from appointment as a receiver; exceptions; nomination
33-2606. Disqualification from appointment as a receiver; exceptions; nomination A. The court may not appoint a person as receiver unless the person submits to the court a statement under penalty of perjury that the person is not disqualified. B. Except as otherwise provided in subsection C of this section, a person is disqualified from appointment […]
§ 33-2607 – Receiver’s bond; alternative security
33-2607. Receiver’s bond; alternative security A. Except as otherwise provided in subsection B of this section, a receiver shall post with the court a bond that: 1. Is conditioned on the faithful discharge of the receiver s duties. 2. Has one or more sureties approved by the court. 3. Is in an amount the court […]
§ 33-2608 – Status of receiver as lien creditor
33-2608. Status of receiver as lien creditor On appointment of a receiver, the receiver has the status of a lien creditor under the Uniform Commercial Code, title 47, chapter 9, as to receivership property that is personal property or fixtures and chapter 7, article 5 of this title as to receivership property that is real […]
§ 33-2609 – Security agreement covering after-acquired property
33-2609. Security agreement covering after-acquired property Except as otherwise provided by law, property that a receiver or owner acquires after appointment of the receiver is subject to a security agreement entered into before the appointment to the same extent as if the court had not appointed the receiver.
§ 33-2610 – Collection and turnover of receivership property
33-2610. Collection and turnover of receivership property A. Unless the court orders otherwise, on demand by a receiver: 1. A person that owes a debt that is receivership property and is matured or payable on demand or on order shall pay the debt to or on the order of the receiver, except to the extent […]
§ 33-2611 – Powers and duties of receiver
33-2611. Powers and duties of receiver A. Except as limited by court order or another law, a receiver may: 1. Collect, control, manage, conserve and protect receivership property. 2. Operate a business constituting receivership property, including preservation, use, sale, lease, license, exchange, collection or disposition of the property in the ordinary course of business. 3. […]