Subdivision 1. Employment. (a) To represent or assist the receiver in carrying out the receiver's duties, the receiver may employ attorneys, accountants, appraisers, auctioneers, and other professionals that do not hold or represent an interest adverse to the receivership.
(b) This section does not require prior court approval for the retention of professionals. However, any professional to be retained shall provide the receiver with a disclosure of any potential conflicts of interest, and the professional or the receiver shall file with the court a notice of the retention and of the proposed compensation. Any party in interest may bring a motion for disapproval of any retention within 21 days after the filing of the notice of retention.
(c) A person is not disqualified for employment under this section solely because of the person's employment by, representation of, or other relationship with the receiver, respondent, a creditor, or other party in interest if the court determines that the employment is appropriate.
Subd. 2. Compensation. (a) The receiver and any professional retained by the receiver shall be paid by the receiver from the receivership property in the same manner as other expenses of administration and without separate orders, but subject to the procedures, safeguards, and reporting that the court may order.
(b) Except to the extent fees and expenses have been approved by the court, or as to parties in interest who are deemed to have waived the right to object, any interim payments of fees and expenses to the receiver are subject to approval in connection with the receiver's final report pursuant to section 576.38.
2012 c 143 art 1 s 12
Structure Minnesota Statutes
Chapters 570 - 583 — Postjudgment Remedies; Alternative Dispute Resolution; Bonds
Section 576.22 — Applicability Of Chapter And Of Common Law.
Section 576.23 — Powers Of The Court.
Section 576.24 — Types Of Receiverships.
Section 576.25 — Appointment Of Receivers; Receivership Not A Trust.
Section 576.26 — Eligibility Of Receiver.
Section 576.28 — Immunity; Discovery From Receiver.
Section 576.29 — Powers And Duties Of Receivers; Generally.
Section 576.31 — Duties Of Respondent.
Section 576.32 — Employment And Compensation Of Professionals.
Section 576.33 — Schedules Of Property And Claims.
Section 576.35 — Notices, Motions, And Orders.
Section 576.36 — Records; Interim Reports.
Section 576.37 — Removal Of Receivers.
Section 576.38 — Termination Of Receiverships; Final Report.
Section 576.39 — Actions By Or Against Receiver Or Relating To Receivership Property.
Section 576.40 — Turnover Of Property.
Section 576.41 — Ancillary Receiverships.
Section 576.43 — Utility Service.
Section 576.44 — Receivership Financing.
Section 576.45 — Executory Contracts.
Section 576.46 — Sales Free And Clear Of Lien In General Receiverships.
Section 576.47 — Abandonment Of Property.
Section 576.48 — Liens Against After-acquired Property.
Section 576.49 — Claims Process.
Section 576.50 — Objection To And Allowance Of Claims.
Section 576.51 — Priority Of Claims.