A trustee or receiver, upon application by such receiver or trustee in the court in which any suit is pending, shall be substituted as party plaintiff in the place of the corporation in any suit or proceeding which was so pending at the time of such receiver's or trustee's appointment. No action against a trustee or receiver of a corporation shall abate by reason of such receiver's or trustee's death, but, upon suggestion of the facts on the record, shall be continued against such receiver's or trustee's successor or against the corporation in case no new trustee or receiver is appointed.
Structure Delaware Code
Chapter 1. GENERAL CORPORATION LAW
Subchapter XI. Insolvency; Receivers and Trustees
§ 291. Receivers for insolvent corporations; appointment and powers.
§ 292. Title to property; filing order of appointment; exception.
§ 293. Notices to stockholders and creditors.
§ 294. Receivers or trustees; inventory; list of debts and report.
§ 295. Creditors' proofs of claims; when barred; notice.
§ 296. Adjudication of claims; appeal.
§ 297. Sale of perishable or deteriorating property.
§ 298. Compensation, costs and expenses of receiver or trustee.
§ 299. Substitution of trustee or receiver as party; abatement of actions.
§ 300. Employee's lien for wages when corporation insolvent.
§ 301. Discontinuance of liquidation.
§ 302. Compromise or arrangement between corporation and creditors or stockholders.
§ 303. Proceeding under the Federal Bankruptcy Code of the United States; effectuation.