US Laws, Codes, Statutes & Cases

 
  § 1203. Temporary and permanent receiver.
    (a)  At any stage before final judgment or final order in an action or
  special proceeding brought under this article, the court may appoint one
  or  more receivers of the property of the corporation or of the property
  in this state of a foreign corporation against which an action has  been
  brought  under  subparagraph  (a)  (4) of section 1202 (Appointment of a
  receiver of property of a domestic or foreign corporation).   Notice  of
  an   application  shall  be  given  to  the  attorney-general,  to  each
  governmental  body  or  officer  whose  consent  is  required  for   the
  dissolution  of  such corporation, and to such other persons and in such
  manner as the court directs.   The determination by  the  court  of  the
  necessity  or advisability of appointing a receiver or an attorney for a
  receiver, and the allowance of expenses, commissions or compensation  to
  the  receiver  or  his  attorney,  shall be subject to review on appeal.
  This provision shall not affect any other right to review on appeal.
    (b)  A receiver appointed by or under a final judgment or order in  an
  action  or  special proceeding, or a temporary receiver who is continued
  by the final judgment or order, is a permanent receiver.  The court  may
  confer  upon  a  temporary  receiver  the powers, and subject him to the
  duties of a permanent receiver, or so much thereof as it deems proper.