Receivers; oath; surety
Applied in 1 court decision — leading case Luxury Townhomes, LLC/LP XXIV, LLC v. McKinley Properties, Inc. and Kenneth Polsinelli (2013)
Most recently applied in Luxury Townhomes, LLC/LP XXIV, LLC v. McKinley Properties, Inc. and Kenneth Polsinelli (August 2013)
As added by P.L.2-2002, SEC.15.
Sec. 3. Before beginning duties as a receiver, the receiver must:
(1) swear to perform the duties of a receiver faithfully; and
(2) with one (1) or more sureties approved by the court or judge, execute a written undertaking, payable to such person as the court or the judge directs, to the effect that the receiver will:
(A) faithfully discharge the duties of receiver in the action; and
(B) obey the orders of the court or judge.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.