Del. R. Ch. Ct. 151

As amended through November 14, 2024

Rule 151 - Duties After Appointment

Every receiver unless otherwise ordered by the Court shall, within 30 days from the time of the receiver's appointment and qualification, file with the Register in Chancery:

(1) An inventory of all the estate, property and effects of the company and an appraisement thereof to be made by appraisers to be appointed by the Court.

(2) A list of the debtors and creditors of the company, showing all the debts due to and from the company, with the last-known post-office address or place of business of each debtor and creditor.

(3) A list of the stockholders of the company with the last-known post-office address or place of business.

It shall be the duty of the receiver to include in the receiver's first report a statement whether the capital stock outstanding has been fully paid in, and if not, the names and postoffice addresses of the holders of shares whose stock has not been fully paid for, and the number of shares held by them respectively, and the sums of money due from each of them on that account.
If, after filing the inventory above mentioned, a receiver shall acquire additional property of the company, not described in the inventory, the receiver shall forthwith file a supplemental inventory describing such property, and apply to the Court for the appointment of appraisers to appraise the same. The Court shall appoint appraisers unless the additional property consists of money only; and if it shall appear that the amount of the bond previously given by the receiver is inadequate for the proper protection of the receivership estate, the Court shall require the receiver to give additional bond, with surety.

Del. R. Ch. Ct. 151