32-10-02. Who may be receiver - Undertaking by applicant.
127 words·~1 min read·
/nd/title-32/chapter-32-10-receivers/32-10-02·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No party or person interested in an action can be appointed receiver therein without the written consent of the opposing party filed with the clerk. If a receiver is appointed upon an ex parte application, the court before making the order may require from the applicant an undertaking with sufficient sureties in an amount to be fixed by the court, to the effect that the applicant will pay to the defendant all damages the defendant may sustain by reason of the appointment of such receiver and the entry by the receiver upon the receiver's duties, in case the applicant shall have procured such appointment wrongfully, maliciously, or without sufficient cause, and the court in its discretion at any time after said appointment may require an additional undertaking.