§ 33-2615 – Use or transfer of receivership property not in the ordinary course of business; definition
33-2615. Use or transfer of receivership property not in the ordinary course of business; definition A. With court approval, a receiver may use receivership property other than in the ordinary course of business. B. With court approval, a receiver may transfer receivership property other than in the ordinary course of business by sale, lease, license, […]
§ 33-2616 – Executory contract; definition
33-2616. Executory contract; definition A. Except as otherwise provided in subsection G of this section, with court approval, a receiver may adopt or reject an executory contract of the owner relating to receivership property. The court may condition the receiver’s adoption and continued performance of the contract on terms appropriate under the circumstances. B. A […]
§ 33-2601 – Definitions
33-2601. Definitions In this chapter, unless the context otherwise requires: 1. " Affiliate" means: (a) With respect to an individual: (i) A companion of the individual. (ii) A lineal ancestor or descendant, whether by blood or adoption, of either the individual or a companion of the individual. (iii) A companion of an ancestor or descendant […]
§ 33-2617 – Defenses and immunities of receiver
33-2617. Defenses and immunities of receiver A. A receiver is entitled to all defenses and immunities provided by a law other than this chapter for an act or omission within the scope of the receiver’s appointment. B. A receiver may be sued personally for an act or omission in administering receivership property only with approval […]
§ 33-2602 – Notice and opportunity for hearing; exceptions
33-2602. Notice and opportunity for hearing; exceptions A. Except as otherwise provided in subsection B of this section, the court may issue an order under this chapter only after notice and opportunity for a hearing appropriate in the circumstances. B. The court may issue an order under this chapter: 1. Without prior notice if the […]
§ 33-2618 – Interim report of receiver
33-2618. Interim report of receiver A receiver may file or, if ordered by the court, shall file an interim report that includes: 1. The activities of the receiver since appointment or a previous report. 2. Receipts and disbursements, including a payment made or proposed to be made to a professional engaged by the receiver. 3. […]
§ 33-2603 – Scope; exclusions
33-2603. Scope; exclusions A. Except as otherwise provided in subsection B or C of this section, this chapter applies to a receivership for an interest in commercial real property and any personal property related to or used in operating the real property. B. This chapter does not apply to a receivership for an interest in […]
§ 33-2619 – Fee and expenses
33-2619. Fee and expenses A. The court may award a receiver from receivership property the reasonable and necessary fees and expenses of performing the duties of the receiver and exercising the powers of the receiver. B. The court may order one or more of the following to pay the reasonable and necessary fees and expenses […]
§ 33-2604 – Power of court
33-2604. Power of court The court that appoints a receiver under this chapter has exclusive jurisdiction to direct the receiver and determine any controversy related to the receivership or receivership property.
§ 33-2620 – Removal of receiver; replacement; termination of receivership
33-2620. Removal of receiver; replacement; termination of receivership A. The court may remove a receiver for cause. B. The court shall replace a receiver that dies, resigns or is removed. C. If the court finds that a receiver that resigns or is removed, or the representative of a receiver that is deceased, has accounted fully […]