Montana Code 27-20-102. When and by whom receiver appointed
27-20-102. When and by whom receiver appointed. A receiver may be appointed by the court in which an action is pending when the action is:
Terms Used In Montana Code 27-20-102
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Plaintiff: The person who files the complaint in a civil lawsuit.
- Property: means real and personal property. See Montana Code 1-1-205
(1)by a vendor to vacate a fraudulent purchase of property;
(2)by a creditor to subject any property or fund to the creditor’s claim;
(3)between partners or others jointly owning or interested in any property or fund, on the application of the plaintiff or of any party whose right to or interest in the property or fund or the proceeds of the property or fund is probable and when it is shown that the property or fund is in danger of being lost, removed, or materially injured;
(4)by a mortgagee for the foreclosure of the mortgagee’s mortgage and sale of the mortgaged property and when it is shown that the mortgaged property is in danger of being lost, removed, or materially injured or that the condition of the mortgage has not been performed and the property is probably insufficient to discharge the mortgage debt;
(5)after judgment, to carry the judgment into effect;
(6)after judgment, to dispose of the property according to the judgment or to preserve it during the pendency of an appeal; or
(7)for proceedings in aid of execution, when an execution has been returned unsatisfied or when the judgment debtor refuses to apply the judgment debtor’s property in satisfaction of the judgment.