Persons Not Entitled To Appointment

Sec. 64.002. PERSONS NOT ENTITLED TO APPOINTMENT. (a) A court may not appoint a receiver for a corporation, partnership, or individual on the petition of the same corporation, partnership, or individual. (b) A court may appoint a receiver for a corporation on the petition of one or more stockholders of the corporation. (c) This section does not prohibit: (1) appointment of a receiver for a partnership in an action arising between partners; or (2) appointment of a receiver over all or part of the marital estate in a suit filed under Title 1 or 5, Family Code. Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985. Amended by Acts 1987, 70th Leg., ch. 167, Sec. 3.12(a), eff. Sept. 1, 1987; Acts 1997, 75th Leg., ch. 165, Sec. 7.06, eff. Sept. 1, 1997.