Section 123 – Final report of receiver — Discharge.

• (1) On completion of a receiver’s duties, the receiver shall file a final report including:
  • (a) a description of the activities of the receiver in the conduct of the receivership;
  • (b) a list of receivership property at the commencement of the receivership and any receivership property received during the receivership;
  • (c) a list of disbursements, including payments to professionals engaged by the receiver;
  • (d) a list of dispositions of receivership property;
  • (e) a list of distributions made or proposed to be made from the receivership for creditor claims;
  • (f) if not filed separately, a request for approval of the payment of fees and expenses of the receiver; and
  • (g) any other information required by the court.

• (2) If the court approves a final report filed under Subsection (1) and the receiver distributes all receivership property, the receiver is discharged.

Enacted by Chapter 431, 2017 General Session