(a) Except as limited by court order or law of this state other than sections 52-619 to 52-646, inclusive, a receiver may:

Terms Used In Connecticut General Statutes 52-630

  • another: may extend and be applied to communities, companies, corporations, public or private, limited liability companies, societies and associations. See Connecticut General Statutes 1-1
  • Contract: A legal written agreement that becomes binding when signed.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Subpoena: A command to a witness to appear and give testimony.

(1) Collect, control, manage, conserve and protect receivership property;

(2) Operate a business constituting receivership property, including preservation, use, sale, lease, license, exchange, collection or disposition of the property in the ordinary course of business;

(3) In the ordinary course of business, incur unsecured debt and pay expenses incidental to the receiver’s preservation, use, sale, lease, license, exchange, collection or disposition of receivership property;

(4) Assert a right, claim, cause of action or defense of the owner which relates to receivership property;

(5) Seek and obtain instruction from the court concerning receivership property, exercise of the receiver’s powers and performance of the receiver’s duties;

(6) On subpoena, compel a person to submit to examination under oath, or to produce and permit inspection and copying of designated records or tangible things, with respect to receivership property or any other matter that may affect administration of the receivership;

(7) Engage a professional, as provided in § 52-633;

(8) Apply to a court of another state for appointment as ancillary receiver with respect to receivership property located in that state; and

(9) Exercise any power conferred by court order, sections 52-619 to 52-646, inclusive, or the law of this state other than sections 52-619 to 52-646, inclusive.

(b) With court approval, a receiver may:

(1) Incur debt for the use or benefit of receivership property other than in the ordinary course of business;

(2) Make improvements to receivership property;

(3) Use or transfer receivership property other than in the ordinary course of business, as provided in § 52-634;

(4) Adopt or reject an executory contract of the owner, as provided in § 52-635;

(5) Pay compensation to the receiver, as provided in § 52-639 and to each professional engaged by the receiver, as provided in § 52-633;

(6) Recommend allowance or disallowance of a claim of a creditor, as provided in § 52-638; and

(7) Make a distribution of receivership property, as provided in § 52-638.

(c) A receiver shall:

(1) Prepare and retain appropriate business records, including a record of each receipt, disbursement and disposition of receivership property;

(2) Account for receivership property, including the proceeds of a sale, lease, license, exchange, collection or other disposition of the property;

(3) File on the land records of the town where the real property is located a copy of the order appointing the receiver and, if a legal description of the real property is not included in the order, the legal description;

(4) Disclose to the court any fact arising during the receivership which would disqualify the receiver under § 52-625; and

(5) Perform any duty imposed by court order, sections 52-619 to 52-646, inclusive, or the law of this state other than sections 52-619 to 52-646, inclusive.

(d) The powers and duties of a receiver may be expanded, modified or limited by court order.

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