Section 1204. Oath and security

(a)  A receiver, before entering upon his duties, shall:  (1) Take and
  subscribe  an  oath  that  he  will faithfully, honestly and impartially
  discharge the trust committed to him, and the oath shall be  filed  with
  the  clerk  of  the  court  in which the action or special proceeding is
  pending.
    (2)  File with the clerk of such court a bond to the people,  with  at
  least  two  sufficient  sureties  or  a bond executed by any fidelity or
  surety company  authorized  by  the  laws  of  this  state  to  transact
  business,  in  a  penalty fixed by the court appointing him, conditioned
  for the faithful discharge of his duties as receiver.  The court may  at
  any time direct a receiver to give a new bond with new sureties and with
  like condition.