Section 35-NEW - [Newly enacted section not yet numbered] [Effective 1/1/2025] Final report of receiver; discharge(a) If required by the court, on completion of a receiver's duties the receiver shall file a final report including all of the following: (1) A description of the activities of the receiver in the conduct of the receivership.(2) A list of receivership property at the commencement of the receivership and any receivership property received during the receivership.(3) A list of disbursements, including payments to professionals engaged by the receiver.(4) A list of dispositions of receivership property.(5) A list of distributions made or proposed to be made from the receivership for creditor claims.(6) If not filed separately, a request for approval of the payment of fees and expenses of the receiver.(7) Any other information required by the court.(b) If the court requires a final report, the receiver is discharged when the court approves the final report filed under subsection (a) and the receiver distributes all receivership property.(c) If the court does not require a final report, the receiver is discharged upon distribution of all receivership property.Ala. Code § 35-NEW (1975)
Added by Act 2024-380,§ 23, eff. 1/1/2025.