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Ala. Code § 6-6-803

Receivership in Another State; Ancillary Proceeding.

Known as the Alabama Uniform Commercial Real Estate Receivership Act

The act spans §§ 6-6-780 to 6-6-807 (28 sections).

(Act 2024-380, §24.)

(a) The court may appoint a receiver appointed in another state, or that person’s nominee, as an ancillary receiver with respect to property located in this state or subject to the jurisdiction of the court for which a receiver could be appointed under this article, if:

(1) The person or nominee would be eligible to serve as receiver under Section 6-6-786; and

(2) The appointment furthers the person’s possession, custody, control, or disposition of property subject to the receivership in the other state.

(b) The court may issue an order that gives effect to an order entered in another state appointing or directing a receiver.

(c) Unless the court orders otherwise, an ancillary receiver appointed under subsection (a) has the rights, powers, and duties of a receiver appointed under this article.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.