FAILURE OF CORPORATION TO OBEY ORDER OF COURT;
APPOINTMENT OF RECEIVER
Whenever any corporation shall refuse, fail or neglect to obey any order or decree of any court of this state within the time fixed by the court for its observance, such refusal, failure or neglect shall be a sufficient ground for the appointment of a receiver of the corporation by a court of competent jurisdiction. If the corporation is a foreign corporation, such refusal, failure, or neglect shall be a sufficient ground for the appointment of a receiver of the assets of the corporation within this state.
Added by Laws 1986, c. 292, § 122, eff. Nov. 1, 1986.