North Dakota § 32-10.1-14 Engagement and compensation of professional

North Dakota Statutes

§ 32-10.1-14 — Engagement and compensation of professional

North Dakota § 32-10.1-14

Title 32Judicial Remedies

Ch. 32-10.1Uniform Commercial Real Estate Receivership Act

This text of North Dakota § 32-10.1-14 (Engagement and compensation of professional) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 32-10.1-14 (2026).

Text

1.With court approval, a receiver may engage an attorney, accountant, appraiser, auctioneer, broker, or other professional to assist the receiver in performing a duty or exercising a power of the receiver. The receiver shall disclose to the court:

a.The identity and qualifications of the professional;

b.The scope and nature of the proposed engagement;

c.Any potential conflict of interest; and

d.The proposed compensation.

2.A person is not disqualified from engagement under this section because of the person's engagement by, representation of, or other relationship with the receiver, a creditor, or a party. This chapter does not prevent the receiver from serving in the receivership as an attorney, accountant, auctioneer, or broker when authorized by law.

3.A receiver or professional

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1. With court approval, a receiver may engage an attorney, accountant, appraiser,
auctioneer, broker, or other professional to assist the receiver in performing a duty or
exercising a power of the receiver. The receiver shall disclose to the court:
a. The identity and qualifications of the professional;
b. The scope and nature of the proposed engagement;
c. Any potential conflict of interest; and
d. The proposed compensation.
2. A person is not disqualified from engagement under this section because of the
person's engagement by, representation of, or other relationship with the receiver, a
creditor, or a party. This chapter does not prevent the receiver from serving in the
receivership as an attorney, accountant, auctioneer, or broker when authorized by law.
3. A receiver or professional engaged under subsection 1 shall file with the court an
itemized statement of the time spent, work performed, and billing rate of each person
that performed the work and an itemized list of expenses. The receiver shall pay the
amount approved by the court.