57-8a-308. Appointment of receiver.
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57-8a-308. Appointment of receiver.
In an action by an association to collect an assessment or to foreclose a lien for an unpaid assessment, a court may:
(1)appoint a receiver, in accordance with Section 7-2-9 , to collect and hold money alleged to be due and owing to a lot owner:
(a)before commencement of the action; or
(b)during the pendency of the action; and
(2)order the receiver to pay the association, to the extent of the association's common expense assessment, money the receiver holds under Subsection
(1).
Enacted by Chapter 355 , 2011 General Session