§ 6-13.1-5.1 - Power of receiver.
SECTION 6-13.1-5.1
§ 6-13.1-5.1 Power of receiver. – When a receiver is appointed by the court pursuant to this chapter, he or sheshall have the power to sue for, collect, receive, and take into his or herpossession all the goods and chattels, rights and credits, moneys and effects,lands and tenements, books, records, documents, papers, choses in action,bills, notes, and property of every description derived by means of anypractice declared to be illegal and prohibited by this chapter, includingproperty with which the property has been mingled if it cannot be identified inkind because of the commingling, and to sell, convey, and assign the propertyand hold and dispose of the proceeds under the direction of the court. Anyperson who has suffered damages as a result of the use of or employment of anyunlawful practices and submits proof to the satisfaction of the court that heor she has in fact been damaged, may participate with general creditors in thedistribution of the assets to the extent he or she has sustained out-of-pocketlosses. In the case of a partnership or business entity, the receiver shallsettle the estate and distribute the assets under the direction of the court.The court shall have jurisdiction of all questions arising in the proceedingsand may make any orders and judgments therein as may be required.