Section 10-21-21. – Fees and expenses.
§ 10-21-21. Fees 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 […]
Section 10-21-21.1. – Emergency declaration receivership program coordinator.
§ 10-21-21.1. Emergency declaration receivership program coordinator. The presiding justice of the superior court may appoint an individual to serve as program coordinator to identify and coordinate sources for funding, legal services, accounting services, and other appropriate services for temporary non-liquidating receiverships. The individual must have appropriate qualifications for the position and shall serve at […]
Section 10-21-22. – Removal of receiver — Replacement — Termination of receivership.
§ 10-21-22. 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, […]
Section 10-21-23. – Final report of receiver — Discharge.
§ 10-21-23. Final report of receiver — Discharge. (a) On completion of a receiver’s duties, the receiver shall file a final report including: (1) A description of the activities of the receiver in the conduct of the receivership; (2) A list of receivership property at the commencement of the receivership and any receivership property received […]
Section 10-21-24. – Receivership in another state — Ancillary proceeding.
§ 10-21-24. Receivership in another state — Ancillary proceeding. (a) The court may appoint a receiver appointed in another state, or that person’s nominee, as an ancillary receiver with respect to property located in this state or subject to the jurisdiction of the court for which a receiver could be appointed under this chapter, if: […]
Section 10-21-25. – Effect of enforcement by secured party.
§ 10-21-25. Effect of enforcement by secured party. A request by a secured party for appointment of a receiver, the appointment of a receiver, or application by a secured party of receivership property or proceeds to the secured obligation does not: (1) Make the secured party a mortgagee in possession of the real property; (2) […]
Section 10-21-26. – Uniformity of application and construction.
§ 10-21-26. Uniformity of application and construction. In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. History of Section.P.L. 2022, ch. 107, § 1, effective June 20, 2022; P.L. 2022, ch. 108, § […]
Section 10-21-27. – Relation to Electronic Signatures in Global and National Commerce Act.
§ 10-21-27. Relation to Electronic Signatures in Global and National Commerce Act. This chapter modifies, limits, or supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7001 et seq., but does not modify, limit, or supersede § 101(c) of that act (15 U.S.C. § 7001(c)), or authorize electronic delivery of any […]
Section 10-21-28. – Transition.
§ 10-21-28. Transition. This chapter does not apply to a receivership for which the receiver was appointed before June 20, 2022. History of Section.P.L. 2022, ch. 107, § 1, effective June 20, 2022; P.L. 2022, ch. 108, § 1, effective June 20, 2022.
Section 10-21-28.1. – Emergency declaration temporary non-liquidating receivership transition provisions.
§ 10-21-28.1. Emergency declaration temporary non-liquidating receivership transition provisions. (a) Notwithstanding § 10-21-28, the court may for cause apply this chapter to a receivership for which a receiver was appointed before June 20, 2022, if the owner would otherwise be eligible for a temporary non-liquidating receivership. (b) Unless extended by the general assembly, the emergency […]