Nev. Rev. Stat. § 32.265
This is the official text of Nev. Rev. Stat. § 32.265, part of Nevada’s Rev. Stat — part of the compiled statutory law of Nevada, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Disqualification from appointment as receiver; disclosure of interest
Official statutory text
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 (ff) 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.
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 (ff) 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.
Status: in_force · Read it on the official government site
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