§ 33-2613 – Stay; injunction
33-2613. Stay; injunction A. Except as otherwise provided in subsection D of this section or ordered by the court, an order appointing a receiver operates as a stay, applicable to all persons, of an act, action or proceeding: 1. To obtain possession of, exercise control over or enforce a judgment against receivership property. 2. To […]
§ 33-2614 – Engagement and compensation of professional
33-2614. Engagement and compensation of professional A. With court approval, a receiver may engage an attorney, accountant, appraiser, auctioneer, broker or other professional to assist the receiver in performing a duty or exercising a power of the receiver. The receiver shall disclose to the court: 1. The identity and qualifications of the professional. 2. The […]
§ 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 […]