D.C. Code § 42-1646: Disqualification from appointment as receiver; disclosure of interest.

(a)

The Superior Court may not appoint a person as receiver unless the person submits to the Superior Court a statement under penalty of perjury that the person is not disqualified.

(b)

Except as otherwise provided in subsection (c) of this section, a person is disqualified from appointment as receiver if the person:

(1)

Is an affiliate of a party;

(2)

Has an interest materially adverse to an interest of a party;

(3)

Has a material financial interest in the outcome of the action, other than compensation the Superior Court may allow the receiver;

(4)

Has a debtor-creditor relationship with a party; or

(5)

Holds an equity interest in a party, other than a noncontrolling interest in a publicly-traded company.

(c)

A person is not disqualified from appointment as receiver solely because the person:

(1)

Was appointed receiver or is owed compensation in an unrelated matter involving a party or was engaged by a party in a matter unrelated to the receivership;

(2)

Is an individual obligated to a party on a debt that is not in default and was incurred primarily for personal, family, or household purposes; or

(3)

Maintains with a party a deposit account, as that term is defined in § 28:9-102(a)(29).

(d)

A person seeking appointment of a receiver may nominate a person to serve as receiver, but the Superior Court is not bound by the nomination.