21-21-6. Undertaking required of applicant on ex parte appointment of receiver--Amount and terms--Additional undertaking.
If a receiver be appointed upon an ex parte application, the court, before making the order, may require from the applicant an undertaking, with sufficient sureties, in an amount to be fixed by the court, to the effect that the applicant will pay to the defendant all damages he may sustain by reason of the appointment of such receiver and the entry by him upon his duties, in case the applicant shall have procured such appointment wrongfully, maliciously, or without sufficient cause; and the court may, in its discretion, at any time after said appointment, require an additional undertaking.
Source: CCivP 1877, §221; CL 1887, §5017; RCCivP 1903, §229; RC 1919, §2477; SDC 1939 & Supp 1960, §37.2603.
Structure South Dakota Codified Laws
Section 21-21-1 - Pending actions in which receivership authorized to prevent loss of property.
Section 21-21-2 - Receivership in foreclosure actions to prevent loss to mortgaged property.
Section 21-21-3 - Receivership where corporation dissolved, insolvent or unable to function.
Section 21-21-4 - Grounds for receivership after judgment.
Section 21-21-5 - Receivership under usages of equity.
Section 21-21-7 - Party not to be receiver except by consent.
Section 21-21-8 - Oath and undertaking of receiver.
Section 21-21-9 - Powers of receiver in collection and management of property.
Section 21-21-10 - Investment of receivership funds--Consent of parties.