1. With court approval, a receiver may engage an attorney, accountant, appraiser, auctioneer, broker or other professional to assist the receiver in performing a duty or exercising a power of the receiver. The receiver shall disclose to the court:
(a) The identity and qualifications of the professional;
(b) The scope and nature of the proposed engagement;
(c) Any potential conflict of interest; and
(d) The proposed compensation.
2. A person is not disqualified from engagement under this section solely because of the person’s engagement by, representation of or other relationship with the receiver, a creditor or a party. NRS 32.100 to 32.370, inclusive, do not prevent the receiver from serving in the receivership as an attorney, accountant, auctioneer or broker when authorized by law.
3. A receiver or professional engaged under subsection 1 shall file with the court an itemized statement of the time spent, work performed and billing rate of each person that performed the work and an itemized list of expenses. The receiver shall pay the amount approved by the court.
(Added to NRS by 2017, 1229)
Structure Nevada Revised Statutes
NRS 32.010 - Cases in which receiver may be appointed.
NRS 32.015 - Additional cases in which receiver may be appointed.
NRS 32.020 - Reversion and disposition of unclaimed dividends in receivership.
NRS 32.110 - "Affiliate" defined.
NRS 32.115 - "Companion" defined.
NRS 32.125 - "Executory contract" defined.
NRS 32.130 - "Governmental unit" defined.
NRS 32.140 - "Mortgage" defined.
NRS 32.145 - "Mortgagee" defined.
NRS 32.150 - "Mortgagor" defined.
NRS 32.160 - "Person" defined.
NRS 32.165 - "Proceeds" defined.
NRS 32.170 - "Property" defined.
NRS 32.175 - "Receiver" defined.
NRS 32.180 - "Receivership" defined.
NRS 32.185 - "Receivership property" defined.
NRS 32.190 - "Record" defined.
NRS 32.200 - "Secured obligation" defined.
NRS 32.205 - "Security agreement" defined.
NRS 32.220 - Scope; exclusions.
NRS 32.250 - Notice and opportunity for hearing.
NRS 32.260 - Appointment of receiver.
NRS 32.265 - Disqualification from appointment as receiver; disclosure of interest.
NRS 32.270 - Adoption of rules governing ethics of receivers.
NRS 32.275 - Receiver’s bond; alternative security.
NRS 32.280 - Status of receiver as lien creditor.
NRS 32.285 - Security agreement covering property acquired after appointment of receiver.
NRS 32.290 - Collection and turnover of receivership property.
NRS 32.295 - Powers and duties of receiver.
NRS 32.305 - Stay; injunction.
NRS 32.310 - Engagement and compensation of professional.
NRS 32.315 - Use or transfer of receivership property not in ordinary course of business.
NRS 32.320 - Executory contract.
NRS 32.325 - Defenses and immunities of receiver.
NRS 32.330 - Interim report of receiver.
NRS 32.335 - Notice of appointment; claim against receivership; distribution to creditors.
NRS 32.340 - Fees and expenses.
NRS 32.345 - Removal of receiver; replacement; termination of receivership.
NRS 32.350 - Final report of receiver; discharge.
NRS 32.355 - Receivership in another state; ancillary proceeding.
NRS 32.360 - Effect of enforcement by mortgagee.
NRS 32.365 - Uniformity of application and construction.
NRS 32.370 - Relation to Electronic Signatures in Global and National Commerce Act.