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     322B.84 Qualifications of receivers and powers. 


    Subdivision 1.    Qualifications.  A receiver shall be a 
 natural person or a domestic or foreign organization authorized 
 to transact business in this state.  A receiver shall give bond 
 as directed by the court with the sureties required by the court.


    Subd. 2.    Powers.  A receiver may sue and defend in 
 all courts as receiver of the limited liability company.  The 
 court appointing the receiver has exclusive jurisdiction of the 
 limited liability company and its property.  


    HIST: 1992 c 517 art 2 s 116

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Revisor of Statutes