Powers and duties
Sec. 1. If any contributions, interest, penalties, or damages
assessed under this article, or any portion thereof, be not paid within
one hundred twenty (120) days after the same is found to be due, a
receiver may be appointed by the circuit or superior court of the
county in which such employer resides or in which he is doing
business or in which its resident agent is located in a proceeding
requesting such appointment instituted against the said employer in
the name of the state of Indiana, brought by the attorney general for
the state of Indiana at the request of the board. The court shall
appoint a receiver when it finds that the employer has not paid the
contributions or amounts due imposed by this article within one
hundred twenty (120) days after the same is found to be due, and that
contributions, interest, penalties, or damages, or any portion thereof,
is unpaid and delinquent. Such cause for the appointment of a
receiver shall be in addition to all other causes or grounds provided
by law for the appointment of receivers and shall be in addition to all
other methods for the enforcement of this article. Each such receiver
shall give bond and be sworn as provided for by law and shall have
power under the control of the court to bring and defend actions, to
take and keep possession of the property of the employer, to receive
all funds and collect any debts due to the employer, in the receiver's
name, and generally to do such acts respecting the property as the
court shall authorize, and shall have all the powers granted to, or
shall be subject to all the duties of, receivers under the laws of this
state.
(Formerly: Acts 1947, c.208, s.3201.) As amended by P.L.144-1986,
SEC.133.
Last modified: May 27, 2006