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  • SECTION 1204
    Oath and security
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  • ARTICLE 12
    Receivership
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  • SECTION 1206
    Powers of permanent receiver
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    SECTION 1205

    Designation of depositories by court

    Business Corporation (BSC) CHAPTER 4, ARTICLE 12

    § 1205. Designation of depositories by court.

    All orders appointing a receiver of a corporation shall designate
    therein one or more places of deposit, wherein all funds of the
    corporation not needed for immediate disbursement shall be deposited and
    no other deposits and no investment of such funds shall be made, except
    upon the order of the court.