CODE OF CIVIL PROCEDURE.
No. 3 of 1901. 1261
(1) the removal of the person in whose possession or custody the property may be from the possession or custody thereof;
(2) the commitment of such property to the custody or management of such receiver; and
(3) the granting to such receiver of all such powers as to bringing and defending actions and other proceedings, and for the realization, management, protection, preservation, and improvement of the property, for the collection of the rents and profits thereof, for the application and disposal of such rents and profits, and for the execution of instruments in writing as the owner himself has, or such of those powers as the court thinks fit.
588. In every case in which an application is made for the appointment of a receiver by way of equitable execution, the court in determining whether it is just and convenient that such appointment should be made, shall have regard to the amount of the debt claimed by the applicant, to the amount which may probably be obtained by the receiver, and to the probable costs of his appointment, and may, if it thinks fit, direct any inquiries on these or other matters before making the appointment.
589. Where an order is made directing a receiver to be appointed, the person to be appointed shall, unless otherwise ordered, first give security, to be allowed by the court and taken before the Registrar, duly to account for what he shall receive as such receiver and to pay the same as the court may direct; and the person so to be appointed shall, unless otherwise ordered, be allowed a proper salary or allowance by way of fees or commissions or otherwise, as the court may think fit.
590. Where any judgment or order is pronounced or made in court appointing a person therein named to be receiver, the court may adjourn to chambers the cause or matter then pending, in order that the person named as receiver may give security as mentioned in section 589, and may thereupon direct such judgment or order to be drawn up.
* As amended by Law Rev. Ord., 1924.
CODE OF CIVIL PROCEDURE.
No. 3 of 1901. 1261
(1) the removal of the person in whose possession or custody the property may be from the possession or custody thereof;
(2) the commitment of such property to the custody or management of such receiver; and
(3) the granting to such receiver of all such powers as to bringing and defending actions and other proceedings, and for the realization, management, protection, preservation, and improvement of the property, for the collection of the rents and profits thereof, for the application and disposal of such rents and profits, and for the execution of instruments in writing as the owner himself has, or such of those powers as the court thinks fit.
588. In every case in which an application is made for Appointment the appointment of a receiver by way of equitable execution, of receiver the court in determining whether it is just and convenient execution. by way of that such appointment should be made, shall have regard O. 50, г. 15 a. to the amount of the debt claimed by the applicant, to the amount which may probably be obtained by the receiver, and to the probable costs of his appointment, and may, if it thinks fit, direct any inquiries on these or other matters before making the appointment.
and salary
589. Where an order is made directing a receiver to be Giving of appointed, the person to be appointed shall, unless otherwise security by, ordered, first give security, to be allowed by the court and of, receiver. taken before the Registrar, duly to account for what he shall 0. 50, r. 16. receive as such receiver and to pay the same as the court may direct; and the person so to be appointed shall, unless otherwise ordered, be allowed a proper salary or allowance by way of fees or commissions or otherwise, as the court may think fit.
receiver
590. Where any judgment or order is pronounced or Adjournment. made in court appointing a person therein named to be of order for receiver, the court may adjourn to chambers the cause or into cham- matter then pending, in order that the person named as bers for receiver may give security as mentioned in section 589, and giving of may thereupon direct such judgment or order to be drawn 0. 50, r. 17.
up.
* As amended by Law Rev. Ord., 1924.
security.
*
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