Current through L. 2024, ch. 259
Section 33-2606 - Disqualification from appointment as a receiver; exceptions; nominationA. The court may not appoint a person as receiver unless the person submits to the court a statement under penalty of perjury that the person is not disqualified.B. Except as otherwise provided in subsection C of this section, a person is disqualified from appointment as receiver if the person:1. Is an affiliate of a party.2. Has an interest materially adverse to an interest of a party.3. Has a material financial interest in the outcome of the action, other than compensation the court may allow the receiver.4. Has a debtor-creditor relationship with a party.5. Holds an equity interest in a party, other than a noncontrolling interest in a publicly traded company.C. A person is not disqualified from appointment as receiver solely because the person: 1. Was appointed receiver or is owed compensation in an unrelated matter involving a party or was engaged by a party in a matter unrelated to the receivership.2. Is an individual obligated to a party on a debt that is not in default and was incurred primarily for personal, family or household purposes.3. Maintains with a party a deposit account as defined in section 47-9102.D. A person seeking the appointment of a receiver may nominate a person to serve as receiver.Added by L. 2019, ch. 278,s. 1, eff. 8/27/2019.