Subdivision 1. Removal of receiver. The court may remove the receiver if: (1) the receiver fails to execute and file the bond required by section 576.27; (2) the receiver resigns, refuses, or fails to serve for any reason; or (3) for other good cause.
Subd. 2. Successor receiver. Upon removal of the receiver, if the court determines that further administration of the receivership is required, the court shall appoint a successor receiver. Upon executing and filing a bond under section 576.27, the successor receiver shall immediately succeed the receiver so removed and shall assume the duties of receiver.
Subd. 3. Report and discharge of removed receiver. Within 14 days after removal, the receiver so removed shall file with the court and serve a report pursuant to section 576.38, subdivision 3, for matters up to the date of the removal. Upon approval of the report, the court may enter an order pursuant to section 576.38 discharging the removed receiver.
2012 c 143 art 1 s 17
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.