27-20-302. Powers of receiver. The receiver has, under the control of the court, the power to:

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(1)bring and defend actions in the receiver’s own name, as receiver;

(2)take and keep possession of the property;

(3)receive rents, collect debts, and compound for and compromise the rents and debts;

(4)make transfers; and

(5)generally do acts respecting the property that the court may authorize.