{"data":{"id":"us-ok/okla.-stat.-tit.-12-12-1551","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12, § 12-1551","heading":"Appointment of receiver","body":"A receiver may be appointed by a Judge of the Supreme Court or a\n\ndistrict court judge:\n\n1. In an action by a vendor to vacate a fraudulent purchase of\n\nproperty, or by a creditor to subject any property or fund to his\n\nclaim, or between partners or others jointly owning or interested in\n\nany property or fund, on the application of the plaintiff, or of any\n\nparty whose right to or interest in the property or fund, or the\n\nproceeds thereof, is probable, and where it is shown that the\n\nproperty or fund is in danger of being lost, removed or materially\n\ninjured.\n\n2. In an action by a mortgagee for the foreclosure of his\n\nmortgage and sale of the mortgaged property or in connection with a\n\nmortgagee foreclosing his mortgage by power of sale under the\n\nOklahoma Power of Sale Mortgage Foreclosure Act:\n\na. where it appears that the mortgaged property is in\n\ndanger of being lost, removed or materially injured,\n\nor\n\nb. that a condition of the mortgage has not been\n\nperformed, and that the property is probably\n\ninsufficient to discharge the mortgage debt, or\n\nc. that a condition of the mortgage has not been\n\nperformed and the mortgage instrument provides for the\n\nappointment of a receiver.\n\n3. After judgment, to carry the judgment into effect.\n\n4. After judgment, to dispose of the property according to the\n\njudgment, or to preserve it during the pendency of an appeal, or in\n\nproceeding in aid of execution, when an execution has been returned\n\nunsatisfied, or when the judgment debtor refuses to apply his\n\nproperty in satisfaction of the judgment.\n\n5. In the cases provided in this Code, and by special statutes,\n\nwhen a corporation has been dissolved, or is insolvent, or in\n\nimminent danger of insolvency, or has forfeited its corporate\n\nrights.\n\n6. In all other cases where receivers have heretofore been\n\nappointed by the usages of the courts of equity.\n\nR.L. 1910, § 4979. Amended by Laws 1989, c. 332, § 1, eff. Nov. 1,\n\n1989.","path":["OK Code","Title 12"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"f60a25322bda0c81eae7a7e34831162b41015a34c1451a670d5defce48a3a13d","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12-12-154","next":"us-ok/okla.-stat.-tit.-12-12-1552"},"notice":"GroundRules: Original legal text. Not legal advice."}