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.