Current with legislation from the 2024 Regular and Special Sessions.
Section 52-630 - Powers and Duties of Receiver(a) Except as limited by court order or law of this state other than sections 1 to 28, inclusive, of this act, a receiver may: (1) Collect, control, manage, conserve and protect receivership property;(2) Operate a business constituting receivership property, including preservation, use, sale, lease, license, exchange, collection or disposition of the property in the ordinary course of business;(3) In the ordinary course of business, incur unsecured debt and pay expenses incidental to the receiver's preservation, use, sale, lease, license, exchange, collection or disposition of receivership property;(4) Assert a right, claim, cause of action or defense of the owner which relates to receivership property;(5) Seek and obtain instruction from the court concerning receivership property, exercise of the receiver's powers and performance of the receiver's duties;(6) On subpoena, compel a person to submit to examination under oath, or to produce and permit inspection and copying of designated records or tangible things, with respect to receivership property or any other matter that may affect administration of the receivership;(7) Engage a professional, as provided in section 15 of this act;(8) Apply to a court of another state for appointment as ancillary receiver with respect to receivership property located in that state; and(9) Exercise any power conferred by court order, sections 1 to 28, inclusive, of this act or the law of this state other than sections 1 to 28, inclusive, of this act.(b) With court approval, a receiver may: (1) Incur debt for the use or benefit of receivership property other than in the ordinary course of business;(2) Make improvements to receivership property;(3) Use or transfer receivership property other than in the ordinary course of business, as provided in section 16 of this act;(4) Adopt or reject an executory contract of the owner, as provided in section 17 of this act;(5) Pay compensation to the receiver, as provided in section 21 of this act and to each professional engaged by the receiver, as provided in section 15 of this act;(6) Recommend allowance or disallowance of a claim of a creditor, as provided in section 20 of this act; and(7) Make a distribution of receivership property, as provided in section 20 of this act.(c) A receiver shall:(1) Prepare and retain appropriate business records, including a record of each receipt, disbursement and disposition of receivership property;(2) Account for receivership property, including the proceeds of a sale, lease, license, exchange, collection or other disposition of the property;(3) File on the land records of the town where the real property is located a copy of the order appointing the receiver and, if a legal description of the real property is not included in the order, the legal description;(4) Disclose to the court any fact arising during the receivership which would disqualify the receiver under section 7 of this act; and(5) Perform any duty imposed by court order, sections 1 to 28, inclusive, of this act or the law of this state other than sections 1 to 28, inclusive, of this act.(d) The powers and duties of a receiver may be expanded, modified or limited by court order.Conn. Gen. Stat. § 52-630
Amended by P.A. 22-0026, S. 64 of the Connecticut Acts of the 2022 Regular Session, eff. 5/10/2022.Added by P.A. 21-0080, S. 12 of the Connecticut Acts of the 2021 Regular Session, eff. 7/1/2023.