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Current as of April 06, 2022 | Updated by FindLaw Staff
A court in a judicial proceeding brought under RCW 23B.14.300 may appoint one or more general receivers to wind up and liquidate the business and affairs of the corporation, or, if the corporation is not yet dissolved, may appoint one or more custodial receivers to manage its business and affairs. The court shall hold a hearing, after notifying all parties to the proceeding and any interested persons designated by the court, before appointing a general or custodial receiver. The hearing, and any resulting receivership, shall be conducted in accordance with chapter 7.60 RCW.
Cite this article: FindLaw.com - Washington Revised Code Title 23B. Washington Business Corporation Act § 23B.14.320. General or custodial receivership - last updated April 06, 2022 | https://codes.findlaw.com/wa/title-23b-washington-business-corporation-act/wa-rev-code-23b-14-320/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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