17-6901. Receivers for insolvent corporations; appointment; powers.
17-6901
17-6901. Receivers for insolvent corporations; appointment; powers.
Whenever a corporation shall be insolvent, the district court, on the
application of any creditor or stockholder thereof, may appoint, at any
time, one or more persons to be receivers of and for the corporation, to
take charge of its assets, estate, effects, business and affairs, and to
collect the outstanding debts, claims and property due and belonging to the
corporation, with power to prosecute and defend, in the name of the
corporation or otherwise, all claims or suits, to appoint an agent or
agents under them and to do all other acts which might be done by the
corporation and which may be necessary or proper. The powers of the
receivers shall be such and shall continue so long as the court shall deem
necessary.
History: L. 1972, ch. 52, § 104; July 1.