Subdiv 3Appointment of receiver

Subdivision 3—Appointment of receiver 66—Appointment of receiver (1) The Court may, on application by the Chief Recovery Officer, appoint a receiver for the purpose of recovering a debt. (2) A receiver may be appointed even though no other proceedings have been taken for recovery of the debt. (3) If a receiver is appointed, the Court may make orders— (a) conferring on the receiver powers— (i) to take charge of property of the debtor; or (ii) to dispose of property of the debtor; or (iii) to divert income (other than income from employment or a pension) towards satisfaction of the debt; or (iv) to take charge of, and carry on, a business of the debtor and apply proceeds from the business towards satisfaction of the debt; or (v) to do anything reasonably necessary for, incidental to, or consequential on, the above; or (b) providing for accounts to be rendered by the receiver; or (c) providing for the remuneration of the receiver; or (d) relating to any other incidental or consequential matter. (4) A receiver's powers operate to the exclusion of the debtor's powers.