Connecticut § 52-640 Removal of receiver; replacement; termination of receivership.

Connecticut Statutes

§ 52-640 — Removal of receiver; replacement; termination of receivership.

Connecticut § 52-640

Title 52Civil Actions

Ch. 930Uniform Commercial Real Estate Receivership Act

This text of Connecticut § 52-640 (Removal of receiver; replacement; termination of receivership.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 52-640 (2026).

Text

(a)The court may remove a receiver for cause.

(b)The court shall replace a receiver that dies, resigns or is removed.

(c)If the court finds that a receiver that resigns or is removed, or the representative of a receiver that is deceased, has accounted fully for and turned over to the successor receiver all receivership property and has filed a report of all receipts and disbursements during the service of the replaced receiver, the replaced receiver is discharged.

(d)The court may discharge a receiver and terminate the court's administration of the receivership property if the court finds that appointment of the receiver was improvident or that the circumstances no longer warrant continuation of the receivership. If the court finds that the appointment was sought wrongfully or in bad f

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(a) The court may remove a receiver for cause. (b) The court shall replace a receiver that dies, resigns or is removed. (c) If the court finds that a receiver that resigns or is removed, or the representative of a receiver that is deceased, has accounted fully for and turned over to the successor receiver all receivership property and has filed a report of all receipts and disbursements during the service of the replaced receiver, the replaced receiver is discharged. (d) The court may discharge a receiver and terminate the court's administration of the receivership property if the court finds that appointment of the receiver was improvident or that the circumstances no longer warrant continuation of the receivership. If the court finds that the appointment was sought wrongfully or in bad faith, the court may assess against the person that sought the appointment: (1) The fees and expenses of the receivership, including reasonable attorneys' fees and costs; and (2) Actual damages caused by the appointment, including reasonable attorneys' fees and costs.

Legislative History

(P.A. 21-80, S. 22; P.A. 22-26, S. 64.) History: P.A. 21-80 effective July 1, 2022; P.A. 22-26 changed effective date of P.A. 21-80, S. 22, from July 1, 2022, to July 1, 2023, effective May 10, 2022.