District of Columbia § 42-1663 Receivership in another state; ancillary proceeding.

District of Columbia Statutes

§ 42-1663 — Receivership in another state; ancillary proceeding.

District of Columbia·Title 42 Real Property.·Ch. 16B Uniform Commercial Real Estate Receivership.

(a)The Superior Court may appoint a receiver appointed in another state, or that person's nominee, as an ancillary receiver with respect to property located in the District or subject to the jurisdiction of the Superior Court for which a receiver could be appointed under this act , if:

(1)The person or nominee would be eligible to serve as receiver under § 42-1646 ; and

(2)The appointment furthers the person's possession, custody, control, or disposition of property subject to the receivership in the other state.

(b)The Superior Court may issue an order that gives effect to an order entered in another state appointing or directing a receiver.

(c)Unless the Superior Court orders otherwise, an ancillary receiver appointed under subsection (a) of this section has the rights, powe

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(a) The Superior Court may appoint a receiver appointed in another state, or that person's nominee, as an ancillary receiver with respect to property located in the District or subject to the jurisdiction of the Superior Court for which a receiver could be appointed under this act , if:

(1) The person or nominee would be eligible to serve as receiver under § 42-1646 ; and

(2) The appointment furthers the person's possession, custody, control, or disposition of property subject to the receivership in the other state.

(b) The Superior Court may issue an order that gives effect to an order entered in another state appointing or directing a receiver.

(c) Unless the Superior Court orders otherwise, an ancillary receiver appointed under subsection (a) of this section has the rights, powers, and duties of a receiver appointed under this act .

District of Columbia § 42-1663 (Receivership in another state; ancillary proceeding.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.