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. The court may order one (1) or more of the following to pay the reasonable and necessary fees and expenses of the receivership, including reasonable […]
The court may remove a receiver for cause. The court shall replace a receiver that dies, resigns, or is removed. If the court finds that a receiver that resigns or is removed, or the representative of a receiver that is deceased, has accounted fully for and turned over to the successor receiver all receivership property […]
On completion of a receiver’s duties, the receiver shall file a final report including: A description of the activities of the receiver in the conduct of the receivership; A list of receivership property at the commencement of the receivership and any receivership property received during the receivership; A list of disbursements, including payments to professionals […]
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: The person or nominee would be eligible to serve as […]
A request by a mortgagee for appointment of a receiver, the appointment of a receiver, or application by a mortgagee of receivership property or proceeds to the secured obligation does not: Make the mortgagee a mortgagee in possession of the real property; Make the mortgagee an agent of the owner; Constitute an election of remedies […]
In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to the law’s subject matter among states that enact it.
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 Section 101(c) of that act (15 U.S.C. § 7001(c)) or authorize electronic delivery of any of the notices described in Section 103(b) of that act (15 U.S.C. […]
This chapter does not apply to a receivership for which the receiver was appointed before July 1, 2018.
