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302A.755 Qualifications of receivers; powers.

Subdivision 1. Qualifications. A receiver shall be a natural person or a domestic corporation or a foreign corporation authorized to transact business in this state. A receiver shall give bond as directed by the court with the sureties required by the court.

Subd. 2. Powers. A receiver may sue and defend in all courts as receiver of the corporation. The court appointing the receiver has exclusive jurisdiction of the corporation and its property.

HIST: 1981 c 270 s 110

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Revisor of Statutes