Oregon Law
Law as of Jan 1, 2024
Chapter contents
37.010Short title 37.020Receivership described 37.030Definitions 37.040Applicability 37.050Property not subject to receivership; exception 37.060Appointment of receiver 37.070Eligibility to serve as receiver 37.080Required disclosures relating to conflicts of interest 37.090Receiver’s bond, alternative security or insurance 37.100Exclusive jurisdiction of appointing court 37.110Powers of receiver 37.120Duties of receiver 37.130Turnover of property 37.140Collection by receiver of debts owed to owner 37.150Duties of owner 37.160Mailing and special notice lists to be maintained by receiver 37.170Notices 37.180When court order required 37.190Creditor list and inventory 37.200Receiver’s periodic reports 37.210Claims bar date 37.220Automatic stay of certain proceedings 37.230Utility service 37.240Executory contracts 37.250Use or transfer of estate property outside ordinary course of business; transfer of co-owned property; limitation on disposition of residential property 37.260Receivership financing 37.270Recovery of costs related to secured property 37.280Abandonment of property 37.290Actions by or against receiver or affecting estate property 37.300Personal liability of receiver 37.310Employment and compensation of professionals 37.320Participation of creditors and other interested persons in receivership; effect of receivership on nonparties 37.330Initial notice to creditors and other interested persons 37.340Claims process 37.350Submission of claims by creditors 37.360Objection to and allowance of claims 37.370Priorities 37.380Secured claims against after-acquired property 37.390Ancillary receiverships 37.400Removal of receiver 37.410Termination of receivership

Chapter 37 — Receivership

ORS 37.400 Removal of receiver

(1)

On motion of the owner, the receiver or any creditor, or on the court’s own motion, the court shall remove a receiver if the receiver resigns or refuses or fails to serve for any reason, or for other good cause.

(2)

Upon removal of the receiver, the court shall appoint a successor receiver if the court determines that further administration of the estate is required. Upon appointment, the successor receiver immediately takes possession of the estate and assumes the duties of receiver.

(3)

If the court is satisfied that a replaced receiver has fully accounted for and turned over to the successor receiver all of the property of the estate and has filed a report of all receipts and disbursements during the person’s tenure as receiver, the court shall, after notice to all persons on the special notice list and hearing, enter an order discharging the replaced receiver from all

further duties and responsibilities as receiver.

Official sources · 2Tap to view provenance and version history

Online copy of the published ORS edition

Provenance

Version history

Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.