Disqualification from appointment as receiver - Disclosure of interest
N.D. Cent. Code § 32-10.1-06
in effect32-10.1-06. Disqualification from appointment as receiver - Disclosure of interest
1. The court may not appoint a person as receiver unless the person submits a statement
to the court under penalty of perjury that the person is not disqualified.
2. Except as provided under 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 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 under section 41-09-02.
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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t32c10-1.pdf#nameddest=32-10p1-06Fetched: 10/16/2026