ORS 37.310
Employment and compensation of professionals


(1)

After giving notice, a receiver may employ attorneys, accountants, appraisers, brokers, real estate licensees, auctioneers or other professionals to represent or assist the receiver in carrying out the receiver’s duties.

(2)

The notice given by the receiver before employing a professional must disclose:

(a)

The identity and qualifications of the professional;

(b)

The scope and nature of the proposed engagement;

(c)

Any potential conflict of interest; and

(d)

The proposed compensation.

(3)

If an objection is filed after the receiver provides notice of the professional’s employment, the professional may continue to perform the professional’s duties while the objection is pending.

(4)

Intentionally left blank —Ed.

(a)

A receiver may not employ a professional who holds or represents an interest adverse to the estate, except by order of the court.

(b)

A professional is not disqualified for employment under this subsection solely because of the professional’s employment by, representation of or other relationship with a creditor or other interested person, if the relationship is disclosed in the notice of the professional’s employment.

(5)

Nothing in this section precludes the receiver from acting as attorney or accountant if doing so is in the best interests of the estate.

(6)

After giving notice, the receiver may make payments to professionals for services rendered to the receiver. The notice must include an itemized billing statement indicating the time spent, billing rates of all persons who performed work to be compensated and a detailed list of expenses. [2017 c.358 §31]

Source: Section 37.310 — Employment and compensation of professionals, https://www.­oregonlegislature.­gov/bills_laws/ors/ors037.­html.

37.010
Short title
37.020
Receivership described
37.030
Definitions
37.040
Applicability
37.050
Property not subject to receivership
37.060
Appointment of receiver
37.070
Eligibility to serve as receiver
37.080
Required disclosures relating to conflicts of interest
37.090
Receiver’s bond, alternative security or insurance
37.100
Exclusive jurisdiction of appointing court
37.110
Powers of receiver
37.120
Duties of receiver
37.130
Turnover of property
37.140
Collection by receiver of debts owed to owner
37.150
Duties of owner
37.160
Mailing and special notice lists to be maintained by receiver
37.170
Notices
37.180
When court order required
37.190
Creditor list and inventory
37.200
Receiver’s periodic reports
37.210
Claims bar date
37.220
Automatic stay of certain proceedings
37.230
Utility service
37.240
Executory contracts
37.250
Use or transfer of estate property outside ordinary course of business
37.260
Receivership financing
37.270
Recovery of costs related to secured property
37.280
Abandonment of property
37.290
Actions by or against receiver or affecting estate property
37.300
Personal liability of receiver
37.310
Employment and compensation of professionals
37.320
Participation of creditors and other interested persons in receivership
37.330
Initial notice to creditors and other interested persons
37.340
Claims process
37.350
Submission of claims by creditors
37.360
Objection to and allowance of claims
37.370
Priorities
37.380
Secured claims against after-acquired property
37.390
Ancillary receiverships
37.400
Removal of receiver
37.410
Termination of receivership
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