576.11 WHERE NO CORPOREAL PROPERTY; RECEIVER; BOND.
If the absentee has left no corporeal property within or without the state, but there are debts
and obligations due or owing to the absentee from persons within or without the state, a petition
may be filed, as provided in section
, stating the nature and amount of such debts and
obligations, so far as known, and praying that a receiver thereof may be appointed. The court
may thereupon issue a notice, as above provided, without issuing a warrant, and may, upon the
return of the notice and after a hearing, dismiss the petition or appoint a receiver and authorize
and direct the receiver to demand and collect the debts and obligations specified in the petition.
The receiver shall give bond, as provided in section
, and hold the proceeds of such debts
and obligations and all property received, and distribute the same as provided in sections
. The receiver may be further authorized and directed as provided in section
History: (8080-8) 1925 c 262 s 8; 1947 c 165 s 3; 1986 c 444