2005 Minnesota Statutes - 317A.755 — Qualifications of receivers; powers.

     317A.755 Qualifications of receivers; powers. 


    Subdivision 1.    Qualifications.  A receiver must be a 
 natural person or a domestic corporation or a foreign 
 corporation authorized to transact business in this state.  A 
 receiver shall give bond as directed by the court with the 
 sureties required by the court.  


    Subd. 2.    Powers.  A receiver may sue and defend in 
 courts as receiver of the corporation.  The court appointing the 
 receiver has exclusive jurisdiction of the corporation and its 
 property.  


    HIST: 1989 c 304 s 108