The presiding judge, in his discretion under the law, may order any funds, in the hands of a receiver or any other officer of court, while awaiting the termination of protracted litigation, to be invested as provided in the case of executors and administrators.
(Orig. Code 1863, § 272; Code 1868, § 266; Code 1873, § 275; Code 1882, § 275; Civil Code 1895, § 4905; Civil Code 1910, § 5480; Code 1933, § 55-306.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 66 Am. Jur. 2d, Receivers, §§ 146, 149.
C.J.S.- 75 C.J.S., Receivers, §§ 172, 192, 193.
ALR.
- Power of receiver or liquidating officer of insolvent bank or trust company to borrow, and pledge assets, and power of court to authorize him to do so, 82 A.L.R. 1228; 91 A.L.R. 1119.