Section 1203. Temporary and permanent receiver  


Latest version.
  • (a)  At any stage before final judgment or final order in an action or
      special proceeding brought under this article, the court may appoint one
      or more receivers of the property of the corporation or of the  property
      in  this state of a foreign corporation against which an action has been
      brought under subparagraph (a)  (4)  of  section  1202  (Appointment  of
      receiver of property of a domestic or foreign corporation). Notice of an
      application  for  the  appointment  of  a receiver shall be given to the
      attorney-general and to such other persons and in  such  manner  as  the
      court  directs.  The  determination  by  the  court  of the necessity or
      advisability of appointing a receiver or an attorney for a receiver, and
      the allowance of expenses, commissions or compensation to  the  receiver
      or  his  attorney,  shall be subject to review on appeal. This provision
      shall not affect any other right to review on appeal.
        (b) A receiver appointed by or under a final judgment or order  in  an
      action  or  special proceeding, or a temporary receiver who is continued
      by the final judgment or order, is a permanent receiver. The  court  may
      confer  upon  a  temporary  receiver  the powers, and subject him to the
      duties of a permanent receiver, or so much thereof as it deems proper.