Minn. Stat. § 576.37

Current through Register Vol. 49, No. 8, August 19, 2024

Section 576.37 - REMOVAL OF RECEIVERS

Subdivision 1.Removal of receiver.

The court may remove the receiver if:

(1) the receiver fails to execute and file the bond required by section 576.27;

(2) the receiver resigns, refuses, or fails to serve for any reason; or

(3) for other good cause.

Subd. 2.Successor receiver.

Upon removal of the receiver, if the court determines that further administration of the receivership is required, the court shall appoint a successor receiver. Upon executing and filing a bond under section 576.27, the successor receiver shall immediately succeed the receiver so removed and shall assume the duties of receiver.

Subd. 3.Report and discharge of removed receiver.

Within 14 days after removal, the receiver so removed shall file with the court and serve a report pursuant to section 576.38, subdivision 3, for matters up to the date of the removal. Upon approval of the report, the court may enter an order pursuant to section 576.38 discharging the removed receiver.

Minn. Stat. § 576.37

2012 c 143 art 1 s 17