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    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