17-6901.   Receivers for insolvent corporations; appointment; powers. Whenever a corporation shall be insolvent, the district court, on theapplication of any creditor or stockholder thereof, may appoint, at anytime, one or more persons to be receivers of and for the corporation, totake charge of its assets, estate, effects, business and affairs, and tocollect the outstanding debts, claims and property due and belonging to thecorporation, with power to prosecute and defend, in the name of thecorporation or otherwise, all claims or suits, to appoint an agent oragents under them and to do all other acts which might be done by thecorporation and which may be necessary or proper. The powers of thereceivers shall be such and shall continue so long as the court shall deemnecessary.

      History:   L. 1972, ch. 52, § 104; July 1.