657A.6 - POWERS AND DUTIES OF RECEIVER.
657A.6 POWERS AND DUTIES OF RECEIVER. Before proceeding with the receiver's duties, a receiver appointed by the court shall post a bond in an amount designated by the court. The court may empower the receiver to do the following: 1. Take possession and control of the property, operate and manage the property, establish and collect rents and income, lease and rent the property, and evict tenants. An existing housing or building ordinance violation does not restrict the receiver's authority pursuant to this subsection. 2. Pay all expenses of operating and conserving the property, including but not limited to the cost of electricity, gas, water, sewerage, heating fuel, repairs and supplies, custodian services, taxes, assessments, and insurance premiums, and hire and pay reasonable compensation to a managing agent. 3. Pay prereceivership mortgages and other liens and installments of prereceivership mortgages and other liens. 4. Perform or enter into contracts for the performance of work and the furnishing of materials necessary to abate the public nuisance, and obtain financing for the abatement of the public nuisance. 5. Pursuant to court order, remove and dispose of personal property which is abandoned, stored, or otherwise located on the property, that creates a dangerous or unsafe condition or that constitutes a violation of housing or building regulations or ordinances. 6. Obtain mortgage insurance for a receiver's mortgage from an agency of the federal government. 7. Enter into agreements and take actions necessary to maintain and preserve the property and to comply with housing and building regulations and ordinances. 8. Give the custody of the property and the opportunity to abate the nuisance and operate the property to the owner or to a mortgagee or a lienholder of record. 9. Issue notes and secure the notes by mortgages bearing interest at the rate provided for judgments pursuant to section 535.3, and terms and conditions as approved by the court. When transferred by the receiver in return for valuable consideration in money, material, labor, or services, the notes issued by the receiver are freely transferable.
Section History: Recent Form 85 Acts, ch 222, §6 Referred to in § 657A.8, 657A.10A