Sec. 52-505. Receivers for certain associations, communities or corporations.
Sec. 52-505. Receivers for certain associations, communities or corporations.
(a) If in any town, any association, community or corporation organized in whole or in
part for the support of its members, has property upon which its members, in whole or
in part, are dependent for support, and, in the opinion of the selectmen of the town, there
is danger that the property will be lost or expended in any manner so that some of the
members may become an expense to the town, the selectmen may bring an application,
in the name of the town, to the superior court for the judicial district in which the town
is situated, for the appointment of a receiver of the property of the association, community or corporation and for other equitable relief.
(b) The court shall have power, if it deems necessary and proper, to appoint a receiver of all the property of the association, community or corporation, and vest all the
property in the receiver, by decree or otherwise, to provide that the property shall be
managed and used for the benefit and support of the members, in such manner as the
court finds to be best for the protection of the town and the members, and to grant such
other relief as is necessary for that purpose and to protect the interests of the town and
the members, according to the practice and proceedings of courts of equity.
(c) No application may be brought under this section by the selectmen until the
matter has been submitted to the town at a special meeting called for that purpose and
until the town has approved of the application by vote at the meeting.
(1949 Rev., S. 8241; P.A. 78-280, S. 2, 127; P.A. 82-160, S. 195.)
History: P.A. 78-280 substituted "judicial district" for "county"; P.A. 82-160 rephrased the section and inserted Subsec.
indicators.
Joint bond of two receivers construed. 79 C. 470.