37.080 Required disclosures relating to conflicts of interest
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/or/ors-chapter-37/receivership/37-080A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
37.080 Required disclosures relating to conflicts of interest. A court may not appoint a person as a receiver unless the person first:
(1)Discloses whether the person:
(a)Is an affiliate of a party to the receivership;
(b)Has an interest materially adverse to an interest of a party to the receivership;
(c)Has a material financial interest in the outcome of the action, other than compensation approved by the court;
(d)Has a debtor-creditor relationship with the owner; or
(e)Holds an equity interest in a party to the receivership, other than a noncontrolling interest in a publicly traded company; and
(2)Affirms under oath that the person’s disclosure under subsection
(1)of this section is true and complete. [2017 c.358 §8]