sec.57Dealing with receivership property

### sec.57 Dealing with receivership property A receiver may deal with receivership property in the same way as the agent may have lawfully dealt with the property. Without limiting subsection (1) , the receiver may do the following— if the agent had no general trust account, open a general trust account; claim or receive a debt owing to the agent in connection with the receivership property; start or defend a proceeding concerning the receivership property for the agent; engage a legal representative or other representative to give advice; engage employees or representatives to help the receiver carry out the receiver’s functions; if the agent had power to sell or require the sale of the receivership property, sell or require the sale of the property. (sec.57-ssec.1) A receiver may deal with receivership property in the same way as the agent may have lawfully dealt with the property. (sec.57-ssec.2) Without limiting subsection (1) , the receiver may do the following— if the agent had no general trust account, open a general trust account; claim or receive a debt owing to the agent in connection with the receivership property; start or defend a proceeding concerning the receivership property for the agent; engage a legal representative or other representative to give advice; engage employees or representatives to help the receiver carry out the receiver’s functions; if the agent had power to sell or require the sale of the receivership property, sell or require the sale of the property. - (a) if the agent had no general trust account, open a general trust account; - (b) claim or receive a debt owing to the agent in connection with the receivership property; - (c) start or defend a proceeding concerning the receivership property for the agent; - (d) engage a legal representative or other representative to give advice; - (e) engage employees or representatives to help the receiver carry out the receiver’s functions; - (f) if the agent had power to sell or require the sale of the receivership property, sell or require the sale of the property.