317A.755 QUALIFICATIONS OF RECEIVERS; POWERS.
Subdivision 1. Qualifications.
A receiver must 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 courts as receiver of the corporation. The
court appointing the receiver has exclusive jurisdiction of the corporation and its property.
History: 1989 c 304 s 108