Section 121 – Fees and expenses.

• (1) 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.

• (2) The court may order one or more of the following to pay the reasonable and necessary fees and expenses of the receivership, including reasonable attorney fees and costs:
  • (a) a person that requested the appointment of the receiver, if the receivership does not produce sufficient funds to pay the fees and expenses; or
  • (b) a person whose conduct justified or would have justified the appointment of the receiver under Subsection 78B-21-106(1)(a).

Enacted by Chapter 431, 2017 General Session