KRS 367.210: Powers of receiver -- Distribution of assets.

Whenever a receiver is appointed by the court pursuant to KRS 367.110 to 367.300, he

shall have the power to sue for, collect, receive and take into his possession all the goods

and chattels, rights and credits, moneys and effects, lands and tenements, boo ks, records,

documents, papers, choses in action, bills, notes and property of every description,

derived by means of any practice declared to be illegal and prohibited by KRS 367.110 to

367.300, including property with which such property has been mingled if it cannot be

identified in kind because of such commingling, and to sell, convey, and assign the same

and hold and dispose of the proceeds thereof under the direction of the court. Any person

who has suffered damages as a result of the use or employmen t of any unlawful practices

and submits proof to the satisfaction of the court that he has in fact been damaged, may

participate with general creditors in the distribution of the assets to the extent he has

sustained out-of-pocket losses. In the case of a partnership or business entity, the receiver

shall settle the estate and distribute the assets under the direction of the court. The court

shall have jurisdiction of all questions arising in such proceedings and may make such

orders and judgments therein as may be required.