{"data":{"id":"us-fl/fla.-stat.-714.07","jurisdiction":"us-fl","citation":"Fla. Stat. § 714.07","heading":"Disqualification from appointment as receiver; disclosure of interest.","body":"(1) The court may not appoint a person as receiver unless the person submits to the court a statement under penalty of perjury that the person is not disqualified.\n(2) Except as otherwise provided in subsection (3), a person is disqualified from appointment as receiver if the person:\n(a) Is an affiliate of a party;\n(b) Has an interest materially adverse to an interest of a party;\n(c) Has a material financial interest in the outcome of the action, other than compensation the court may allow the receiver;\n(d) Has a debtor-creditor relationship with a party; or\n(e) Holds an equity interest in a party, other than a noncontrolling interest in a publicly traded company.\n(3) A person is not disqualified from appointment as receiver solely because the person:\n(a) 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;\n(b) 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\n(c) Maintains with a party a deposit account, as defined in s. 679.1021.\n(4) A person seeking appointment of a receiver may nominate a person to serve as receiver, but the court is not bound by the nomination.\nHistory.—s. 1, ch. 2020-106.","path":["CHAPTER 714 UNIFORM COMMERCIAL REAL ESTATE RECEIVERSHIP ACT"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0700-0799/0714/0714.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:12:55Z","sha256":"435cef589199d5d25ebe6a6db3615f3ae53e00589532f237c22e6ad862bceed0","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-714.06","next":"us-fl/fla.-stat.-714.08"},"notice":"GroundRules: Original legal text. Not legal advice."}