Minnesota Statutes Postjudgment Remedies; Alternative Dispute Resolution; Bonds (Ch. 570-583) § 576.37. Removal of receivers

Subdivision 1.Removal of receiver. The court may remove the receiver if: (1) the receiver fails to execute and file the bond required bysection 576.27; (2) the receiver resigns, refuses, or fails to serve for any reason; or (3) for other good cause.

Subd. 2.Successor receiver. Upon removal of the receiver, if the court determines that further administration of the receivership is required, the court shall appoint a successor receiver. Upon executing and filing a bond undersection 576.27, the successor receiver shall immediately succeed the receiver so removed and shall assume the duties of receiver.

Subd. 3.Report and discharge of removed receiver. Within 14 days after removal, the receiver so removed shall file with the court and serve a report pursuant tosection 576.38, subdivision 3, for matters up to the date of the removal. Upon approval of the report, the court may enter an order pursuant tosection 576.38discharging the removed receiver.