New Mexico § 44-8-6 Qualifications for receivers

New Mexico Statutes

§ 44-8-6 — Qualifications for receivers

New Mexico·Ch. 44 Miscellaneous Civil Law Matters·Art. 8 Receivership Act

A receiver shall meet the following qualifications: A. the person must be at least eighteen years of age or a corporation or other business entity in good standing authorized to do business in New Mexico; B. the person must not be otherwise disqualified under applicable state or federal law to administer the receivership estate; C. before entering on his duties as receiver, the receiver shall sign and file a consent to act as receiver; and D. upon request and a showing of good cause by an interested party, the district court may require the receiver to post a bond unless the mortgage, security agreement, contract or other written agreement dispenses with the posting of bond. The amount of the bond shall be as ordered by the court.

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A receiver shall meet the following qualifications: A. the person must be at least eighteen years of age or a corporation or other business entity in good standing authorized to do business in New Mexico; B. the person must not be otherwise disqualified under applicable state or federal law to administer the receivership estate; C. before entering on his duties as receiver, the receiver shall sign and file a consent to act as receiver; and D. upon request and a showing of good cause by an interested party, the district court may require the receiver to post a bond unless the mortgage, security agreement, contract or other written agreement dispenses with the posting of bond. The amount of the bond shall be as ordered by the court.

New Mexico § 44-8-6 (Qualifications for receivers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.