§ 10-21-15. Engagement and compensation of professional.
(a) 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:
(1) The identity and qualifications of the professional;
(2) The scope and nature of the proposed engagement;
(3) Any potential conflict of interest; and
(4) The proposed compensation.
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§ 10-21-15. Engagement and compensation of professional.
(a) 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:
(1) The identity and qualifications of the professional;
(2) The scope and nature of the proposed engagement;
(3) Any potential conflict of interest; and
(4) The proposed compensation.
(b) A person is not disqualified from engagement under this section solely 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.
(c) A receiver or professional engaged under subsection (a) of this section 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.