9-8-3
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9-8-3.
Equity
may appoint a receiver to take possession of and hold, subject to the direction
of the court, any assets charged with the payment of debts where there is
manifest danger of loss, destruction, or material injury to those interested.
Under extraordinary circumstances, a receiver may be appointed before and
without notice to the trustee or other person having charge of the assets. The
terms on which a receiver is appointed shall be in the discretion of the court.