17-6808. Receivers for dissolved corporations; appointment; powers.
17-6808
17-6808. Receivers for dissolved corporations;
appointment; powers.
When any corporation organized under this act shall be dissolved in any manner
whatever, the district court, on application of any creditor, stockholder or
director of the corporation, or any other person who shows good cause therefor,
at any time, either may appoint one or more of the directors of the corporation
or one or more other persons to be receivers, of and for the corporation, or
both, to take charge of the corporation's property, and to collect the debts
and property due and belonging to the corporation, with power to prosecute and
defend, in the name of the corporation, or otherwise, all such suits as may be
necessary or proper for the purposes aforesaid, and to appoint an agent or
agents under them, and to do all other acts which might be done by the
corporation, if in being, that may be necessary for the final settlement of the
unfinished business of the corporation. The powers of the receivers may be
continued as long as the court shall think necessary for
the purposes aforesaid.
History: L. 1972, ch. 52, § 98;
L. 1988, ch. 99, § 49;
Revived and amend., L. 1988, ch. 100, § 49;
L. 2004, ch. 143, § 60; Jan. 1, 2005.