(1) A receiver shall file with the court a monthly report of the receiver’s operations and financial affairs, unless the court orders a different reporting period. The receiver shall file each report no later than 30 days after the end of a reporting period. The initial report under this section must be filed no later than 60 days after the receiver is appointed, unless the court orders a different deadline.

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(2) Each periodic report must include:

(a) A concise narrative summary of the receiver’s activities during the period and a description of any major upcoming events;

(b) Beginning and ending cash balances;

(c) A statement of cash receipts and disbursements;

(d) A statement of noncash receipts and payments;

(e) A statement of receipts and dispositions of estate property outside the ordinary course of business, including a description of the property, the value of the property and the amounts received from any disposition of the property;

(f) A statement of accounts receivable;

(g) A statement of fees and expenses of the receiver;

(h) A tax disclosure statement listing taxes due or tax deposits required, the name of the taxing agency, the date due and an explanation for any failure to make payments or deposits; and

(i) Any other information required by the court. [2017 c.358 § 20]