Court approval of final report; discharge of surety; settlement of
receivership
Sec. 21. Upon the:
(1) court's approval of the receiver's final account or report, as
provided in section 14 of this chapter; and
(2) receiver's performance and compliance with the court's order
made on the final report;
the receiver and the surety on the receiver's bond shall be fully and
finally discharged and the court shall declare the receivership estate
finally settled and closed subject to the right of appeal of the receiver
or any creditor, shareholder, or other interested party who has filed
objections or exceptions as provided in section 18 of this chapter.
As added by P.L.2-2002, SEC.15.
Last modified: May 24, 2006