Section 6-674-A - Vacancy and revocation(a) General rule.--When a vacancy in the office of the receiver occurs, the secretary shall file a petition with the court of common pleas in the county in which the school district or the largest part in area of the school district is located requesting that the individual named in the petition be appointed as receiver. (b) Revocation.--The secretary may, for any reason, file a petition with the court of common pleas in the county in which the school district or the largest part in area of the school district is located requesting that the appointment of the receiver be revoked and that the current receiver be replaced by the individual named in the petition. (c) Requirements.--The requirements of section 671-A(c) shall apply to the individual named in a petition filed under subsection (a) or (b). Within seven days of the secretary's filing of a petition under subsection (a) or (b), the court shall grant the petition to appoint the named individual as receiver if the individual satisfies the requirements of section 671-A(c), provided that the court may reject the appointment for any reason. If the court rejects the appointment, the court may do either of the following: (1) name a receiver subject to the requirements of section 671-A(c) and for good cause shown; or (2) order the secretary to submit an alternative appointment. Added by P.L. 1142 2012 No. 141, § 10, eff. 7/12/2012.