Appointing a Receiver
- A receiver can be appointed contemporaneously with the filing of the original complaint, during the pendency of litigation, and post judgment.
- Courts have authority to appoint a receiver in nearly all cases pursuant to their equitable powers and in some cases pursuant to statute.
- A receiver may be appointed on the motion of a party to a case or by the court itself.
- A receiver selected for appointment must secure a bond in an amount satisfactory to the court.
- The authority, powers and duties of a receiver are spelled out in the order appointing receiver.