96Appointment, powers, remuneration and duties of receiver

96 Appointment, powers, remuneration and duties of receiver (1) A mortgagee who is entitled to appoint a receiver must not appoint a receiver: (a) until the mortgagee has become entitled to exercise the power of sale conferred by an Act; and (b) unless by writing. (2) A receiver is to be taken to be the agent of the mortgagor and the mortgagor alone is responsible for the receiver's acts or defaults unless the instrument of mortgage provides otherwise. (3) A person paying money to the receiver is not to be concerned to inquire whether the receiver is authorised to act. (4) A mortgagee may, by writing, remove the receiver and appoint a new receiver.