ORS 37.410
Termination of receivership


(1)

Upon distribution or disposition of all property of the estate or the completion of the receiver’s duties with respect to estate property, or for other good cause, the receiver shall move the court for an order discharging the receiver.

(2)

The receiver shall attach to the motion for discharge a final report and accounting setting forth:

(a)

A list of estate property received during the receivership;

(b)

A list of disbursements, including payments to professionals engaged by the receiver;

(c)

A list of dispositions of estate property;

(d)

A list of distributions made or proposed to be made from the estate for creditor claims;

(e)

If not filed separately, a request for approval of the payment of fees and expenses of the receiver; and

(f)

Any other information required by the court.

(3)

If the court approves the final report and accounting, the court shall discharge the receiver. The court may issue an order exonerating the receiver’s bond or alternative security.

(4)

The receiver’s discharge:

(a)

Releases the receiver from any further duties and responsibilities under the Oregon Receivership Code; and

(b)

Releases the receiver and any persons acting on behalf of the receiver from all further liability in connection with the administration of estate property or the receivership.

(5)

Upon motion of any interested person, or upon the court’s own motion, the court may discharge the receiver and terminate the court’s administration of the property over which the receiver was appointed.

(6)

Upon termination of the receivership under any circumstances, if the court determines that the appointment of the receiver was wrongfully procured or procured in bad faith, the court may assess against the person who procured the receiver’s appointment all of the receiver’s fees and other costs of the receivership, and any other sanctions the court deems appropriate. [2017 c.358 §41]

Source: Section 37.410 — Termination of receivership, 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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