Massachusetts General Laws ch. 111 sec. 72S – Actions against receiver; liability
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Section 72S. No person shall bring an action against a receiver appointed under section seventy-two N without first securing leave of court. The receiver shall be liable in his personal capacity for gross negligence or intentional wrongdoing. In all other cases, the receiver shall be liable in his official capacity only, and any judgment rendered shall be satisfied out of the receivership assets.
Terms Used In Massachusetts General Laws ch. 111 sec. 72S
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.