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.