Equity may appoint receivers to take possession of and protect trust or joint property and funds whenever the danger of destruction and loss shall require such interference.
(Orig. Code 1863, § 3031; Code 1868, § 3043; Code 1873, § 3098; Code 1882, § 3098; Civil Code 1895, § 4901; Civil Code 1910, § 5476; Code 1933, § 55-302.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 65 Am. Jur. 2d, Receivers, §§ 6, 27, 29, 31.
C.J.S.- 75 C.J.S., Receivers, §§ 24 et seq., 29, 30.
ALR.
- Appointment of receiver after decree or judgment, 111 A.L.R. 500.
Right to appointment of receiver in action between persons owning or claiming to own undivided or successive interests in property or fund, 127 A.L.R. 1228.