Sec. 64.031. GENERAL POWERS AND DUTIES. Subject to the control of the court, a receiver may: (1) take charge and keep possession of the property; (2) receive rents; (3) collect and compromise demands; (4) make transfers; and (5) perform other acts in regard to the property as authorized by the court. Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985.