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Title XXXV CIVIL PROCEDURE AND LIMITATIONS

Chapter 515

previous next Effective - 28 Aug 2016bottom

  515.565.  Appraisal not required without court order. — 1.  A receiver shall not be obligated to obtain any appraisal or other independent valuation of property in the receiver's possession unless ordered by the court to do so.

  2.  A court may order the receiver to file such additional schedules, reports of assets, liabilities, claims, or inventories as necessary and proper.

  3.  Whenever a list or schedule required pursuant to this section is not prepared and filed as required by the debtor, the court may order the receiver, a petitioning creditor, or such other person as the court in its discretion deems appropriate to prepare and file such list or schedule within a time fixed by the court.  The court may approve reimbursement of the cost incurred in complying with such order as an administrative expense.

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(L. 2016 H.B. 1765 merged with S.B. 578)


---- end of effective   28 Aug 2016 ----

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