A. The court may award a receiver from receivership property the reasonable and necessary fees and expenses of performing the duties of the receiver and exercising the powers of the receiver.

Terms Used In Arizona Laws 33-2619

  • Court: means the superior court. See Arizona Laws 33-2601
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • Person: means an individual, estate, business or nonprofit entity, public corporation, government or governmental subdivision, agency, or instrumentality, or other legal entity. See Arizona Laws 33-2601
  • Property: means all of a person's right, title and interest, both legal and equitable, in real and personal property, tangible and intangible, wherever located and however acquired. See Arizona Laws 33-2601
  • Receiver: means a person who is appointed by the court as the court's agent and, subject to the court's direction, to take possession of, manage, and, if authorized by this chapter or court order, transfer, sell, lease, license, exchange, collect or otherwise dispose of receivership property. See Arizona Laws 33-2601
  • Receivership: means a proceeding in which a receiver is appointed. See Arizona Laws 33-2601

B. The court may order one or more of the following to pay the reasonable and necessary fees and expenses of the receivership, including reasonable attorney fees and costs:

1. A person that requested the appointment of the receiver, if the receivership does not produce sufficient funds to pay the fees and expenses.

2. A person whose conduct justified or would have justified the appointment of the receiver under section 33-2605, subsection A, paragraph 1.

3. Any other person as equity justifies.

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