Section 21-21-4 - Grounds for receivership after judgment A receiver may be appointed after judgment by the court in which the judgment was entered, or by the judge thereof:
(1) To carry the judgment into effect;(2) To dispose of the property according to the judgment or to preserve it during the pendency of an appeal;(3) In proceedings in aid of execution, when an execution has been returned unsatisfied; or(4) When the judgment debtor refuses to apply his property in satisfaction of the judgment. CCivP 1877, § 219, subdiv 3, 4; CL 1887, § 5015, subdiv 3, 4; RCCivP 1903, § 227, subdiv 3, 4; RC 1919, § 2475 (3), (4); SDC 1939 & Supp 1960, § 37.2601 (3), (4).