110Supreme Court may appoint receiver

110 Supreme Court may appoint receiver (1) The Supreme Court may, on the application of the Director, appoint a receiver of all or any of the property of a licensee and may make the appointment whether or not the licensee has been notified of the application or is a party to the proceedings. (2) An application under subsection (1) may be made only if the Director is of the opinion that it is necessary to have a receiver appointed to protect the interests of consumers and one or more of the following applies— (a) the relevant licensee has requested the Director to make the application; (b) the relevant licensee's licence has been cancelled or suspended; (c) the Director is of the opinion that there has been, or may have been, a failure to account by the relevant licensee; (d) the Director is of the opinion that a person is unable to obtain payment or delivery of property held by the licensee because the relevant licensee— (i) is mentally or physically infirm; or (ii) is an insolvent under administration; or (iii) is a prisoner within the meaning of the **Corrections Act 1986**; or (iv) has died; or (v) has abandoned the licensee's conveyancing business.