§53-6-1. Special receiver -- Appointment generally; bond; notice
of application for appointment.
A court of equity may, in any proper case pending therein, in
which funds or property of a corporation, firm or person is
involved, and there is danger of the loss or misappropriation of
the same or a material part thereof, appoint a special receiver of
such funds or property, or of the rents, issues and profits
thereof, or both, who shall give bond with good security to be
approved by the court, or by the clerk thereof, for the faithful
performance of his trust, and for paying over and accounting for,
according to law, all such moneys that may come into his hands by
virtue of his appointment. But no such receiver shall be appointed
of any real estate, or of the rents, issues and profits thereof,
until reasonable notice of the application therefor has been given
to the owner or tenant thereof. A judge of such court in vacation
may appoint such receiver of any such property, except real estate,
and the rents, issues and profits thereof.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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