| (1) |
On completion of a receiver‘s duties, the receiver shall file a final report including:
Terms Used In Utah Code 78B-21-123- Court: means a court of this state with jurisdiction over the action under Title 78A, Judiciary and Judicial Administration. See Utah Code 78B-21-102 v2
- 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 Utah Code 78B-21-102 v2
- Receiver: means a person 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 Utah Code 78B-21-102 v2
- Receivership: means a proceeding in which a receiver is appointed. See Utah Code 78B-21-102 v2
- Receivership property: means the property of an owner that is described in the order appointing a receiver or a subsequent order. See Utah Code 78B-21-102 v2
| (a) |
a description of the activities of the receiver in the conduct of the receivership; |
| (b) |
a list of receivership property at the commencement of the receivership and any receivership property received during the receivership; |
| (c) |
a list of disbursements, including payments to professionals engaged by the receiver; |
| (d) |
a list of dispositions of receivership property; |
| (e) |
a list of distributions made or proposed to be made from the receivership for creditor claims; |
| (f) |
if not filed separately, a request for approval of the payment of fees and expenses of the receiver; and |
| (g) |
any other information required by the court. |
|
| (2) |
If the court approves a final report filed under Subsection (1) and the receiver distributes all receivership property, the receiver is discharged. |
Enacted by Chapter 431, 2017 General Session
