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Section 52-619. - (Note: This section is effective July 1, 2022.) Short title: Uniform Commercial Real Estate Receivership Act. - Sections 52-619 to 52-646, inclusive, may be cited as the...
Section 52-620. - (Note: This section is effective July 1, 2022.) Definitions. - As used in sections 52-619 to 52-646, inclusive: (1) “Affiliate”...
Section 52-621. - (Note: This section is effective July 1, 2022.) Notice and opportunity for hearing. - (a) Except as provided in subsection (b) of this section,...
Section 52-622. - (Note: This section is effective July 1, 2022.) Scope. Exclusions. - (a) Except as provided in subsection (b) or (c) of...
Section 52-623. - (Note: This section is effective July 1, 2022.) Power of court. - The court that appoints a receiver under sections 52-619 to...
Section 52-624. - (Note: This section is effective July 1, 2022.) Appointment of receiver. - (a) The court may appoint a receiver: (1) Before judgment,...
Section 52-625. - (Note: This section is effective July 1, 2022.) Disqualification from appointment as receiver; disclosure of interest. - (a) The court may not appoint a person as receiver...
Section 52-626. - (Note: This section is effective July 1, 2022.) Receiver's bond; alternative security. - (a) Except as provided in subsection (b) of this section,...
Section 52-627. - (Note: This section is effective July 1, 2022.) Status of receiver as lien creditor. - On appointment of a receiver, the receiver has the status...
Section 52-628. - (Note: This section is effective July 1, 2022.) Security agreement covering after-acquired property. - Except as provided by the law of this state other...
Section 52-629. - (Note: This section is effective July 1, 2022.) Collection and turnover of receivership property. - (a) Unless the court orders otherwise, on demand by a...
Section 52-630. - (Note: This section is effective July 1, 2022.) Powers and duties of receiver. - (a) Except as limited by court order or law of...
Section 52-631. - (Note: This section is effective July 1, 2022.) Duties of owner. - (a) An owner shall: (1) Assist and cooperate with the...
Section 52-632. - (Note: This section is effective July 1, 2022.) Stay; injunction. - (a) Except as provided in subsection (d) of this section...
Section 52-633. - (Note: This section is effective July 1, 2022.) Engagement and compensation of professional. - (a) With court approval, a receiver may engage an attorney,...
Section 52-634. - (Note: This section is effective July 1, 2022.) Use or transfer of receivership property not in ordinary course of business. - (a) In this section, “good faith” means honesty in fact...
Section 52-635. - (Note: This section is effective July 1, 2022.) Executory contract. - (a) In this section, “timeshare interest” means an interest having...
Section 52-636. - (Note: This section is effective July 1, 2022.) Defenses and immunities of receiver. - (a) A receiver is entitled to all defenses and immunities...
Section 52-637. - (Note: This section is effective July 1, 2022.) Interim report of receiver. - A receiver may file or, if ordered by the court,...
Section 52-638. - (Note: This section is effective July 1, 2022.) Notice of appointment; claim against receivership; distribution to creditors. - (a) Except as provided in subsection (f) of this section,...
Section 52-639. - (Note: This section is effective July 1, 2022.) Fees and expenses. - (a) The court may award a receiver from receivership property...
Section 52-640. - (Note: This section is effective July 1, 2022.) Removal of receiver; replacement; termination of receivership. - (a) The court may remove a receiver for cause. (b)...
Section 52-641. - (Note: This section is effective July 1, 2022.) Final report of receiver; discharge. - (a) On completion of a receiver's duties, the receiver shall...
Section 52-642. - (Note: This section is effective July 1, 2022.) Receivership in another state; ancillary proceeding. - (a) The court may appoint a receiver appointed in another...
Section 52-643. - (Note: This section is effective July 1, 2022.) Effect of enforcement by mortgagee. - A request by a mortgagee for appointment of a receiver,...
Section 52-644. - (Note: This section is effective July 1, 2022.) Uniformity of application and construction. - In applying and construing sections 52-619 to 52-646, inclusive, consideration...
Section 52-645. - (Note: This section is effective July 1, 2022.) Relation to Electronic Signatures in Global and National Commerce Act. - Sections 52-619 to 52-646, inclusive, modify, limit and supersede the...
Section 52-646. - (Note: This section is effective July 1, 2022). Transition. - Sections 52-619 to 52-646, inclusive, do not apply to a...