§ 22-4-31-2 — Appeal; bond; suspension of power

In all proceedings instituted after April 1, 1947,
under the provisions of section 1 of this chapter in which a receiver
may be appointed or refused, the party aggrieved may, within ten (10)
days thereafter, appeal from the decision of the court to the supreme
court without awaiting the final determination of such proceedings. In
cases where a receiver has been appointed, upon the appellant filing an
appeal bond with sufficient surety in such sum as may have been
required of such receiver conditioned upon the due prosecution of such
appeal and the payment of all costs or damages that may accrue to any
officer or person by reason thereof, the authority of such receiver shall
be suspended until the final determination of such appeal.
Formerly: Acts 1947, c.208, s.3202. As amended by
P.L.144-1986, SEC.134.