§ 27-1-16 - Powers of receiver – Removal and control by court.
SECTION 27-1-16
§ 27-1-16 Powers of receiver –Removal and control by court. – The receiver shall be clothed with all of the powers and rights, in respect ofthe collection of debts due to the corporation, which the corporation possessedby virtue of its charter or otherwise before the injunction issued, and may beremoved and another may be appointed by the court in his or her stead. Thecourt shall have the same power and authority over the receiver, his or heracts, proceedings, and accounts, as is exercised by courts of equity in similarcases.