SUBSTITUTION OF TRUSTEE OR RECEIVER
AS PARTY; ABATEMENT OF ACTIONS
A trustee or receiver, upon application by him in the court in which any suit is pending, shall be substituted as party plaintiff in the place of the corporation in any suit or proceeding which was so pending at the time of his appointment. No action against a trustee or receiver of a corporation shall abate by reason of his death, but, upon suggestion of the facts of the record, shall be continued against his successor or against the corporation in case no new trustee or receiver is appointed.
Added by Laws 1986, c. 292, § 114, eff. Nov. 1, 1986.