A justice of the supreme court, a judge of the court of appeals or a district judge, or in the district judge’s absence from the county a district magistrate judge, shall have authority to appoint a receiver in conformity with the provisions of Kan. Stat. Ann. §§ 60-1302 and 60-1303, and amendments thereto, whose duty it shall be to keep, preserve, and manage all property and protect any business or business interest entrusted to the receiver pending the determination of any proceeding in which such property or interest may be affected by the final judgment. A person who has an interest in property or in the outcome of the proceeding shall not be appointed or continued as a receiver if objection is made thereto by another interested party unless the judge finds and rules that such objection is arbitrary or unreasonable.