Appointment of Receiver

2 CMC § 4634 — under Deed of Trust Act.

2 CMC § 4634

TITLE 2: NATURAL RESOURCES

DIVISION 4: LAND RESOURCES

§ 4634. Appointment of Receiver. Any time after the recordation of a notice of a default, the trustee or beneficiary may apply to the Commonwealth Trial Court for the appointment of a receiver for the property. A receiver shall be appointed where it appears that the real property subject to the deed of trust is in danger of substantial waste, or that the income from it is in danger of being lost. Source: DL 5-42, § 24; amended by DL 5-60, § 1. Commission Comment: Section 4 of PL 6-25, the “Commonwealth Judicial Reorganization Act of 1989,” provides that “[w]herever the term ‘Commonwealth Trial Court’ appears in the Commonwealth Code, it is henceforth to be interpreted and understood to refer to the Commonwealth Superior Court.”