21-21-1. Pending actions in which receivership authorized to prevent loss of property.
107 words·~1 min read·
/sd/title-21/chapter-21-21/21-21-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A receiver may be appointed by the court in which an action is pending, or by the judge thereof, on the application of the plaintiff or of any party whose right to or interest in the property, funds, or proceeds thereof is probable, and where it is shown that the property or fund is in danger of being lost, removed, or materially injured, in any of the following actions:
(1)By a vendor to vacate a fraudulent purchase of property;
(2)By a creditor to subject any property or fund to his claim;
(3)Between partners or others jointly owning or interested in any property or fund.