Nevada Remedies; Special Actions and Proceedings

Sec. § 32.265
Disqualification from appointment as receiver; disclosure of interest.

1.

The court may not appoint a person as receiver unless the person submits to the court a statement under penalty of perjury that the person is not disqualified.

2.

Except as otherwise provided in subsection 3, a person is disqualified from appointment as receiver if the person:

(a)

Is an affiliate of a party;

(b)

Has an interest materially adverse to an interest of a party;

(c)

Has a material financial interest in the outcome of the action, other than compensation the court may allow the receiver;

(d)

Has a debtor-creditor relationship with a party; or

(e)

Holds an equity interest in a party, other than a noncontrolling interest in a publicly traded company.

3.

A person is not disqualified from appointment as receiver solely because the person:

(a)

Was appointed receiver or is owed compensation in an unrelated matter involving a party or was engaged by a party in a matter unrelated to the receivership;

(b)

Is an individual obligated to a party on a debt that is not in default and was incurred primarily for personal, family or household purposes; or

(c)

Maintains with a party a deposit account as defined in paragraph (cc) of subsection 1 of NRS 104.9102.

4.

A person seeking appointment of a receiver may nominate a person to serve as receiver, but the court is not bound by the nomination.
Source

Last accessed
Feb. 5, 2021

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