{"data":{"id":"us-ut/utah-code-78b-21-107","jurisdiction":"us-ut","citation":"Utah Code § 78B-21-107","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 the 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 Section 70A-9a-102.\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.","path":["Title 78B Judicial Code","Chapter 78B-21 Uniform Commercial Real Estate Receivership Act"],"source_url":"https://le.utah.gov/xcode/Title78B/Chapter21/78B-21-S107.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"1e9fd7d725c376e17726257a5df29471c3f9ffbbb7740dcb730b34cbb85407c1","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-78b-21-106","next":"us-ut/utah-code-78b-21-108"},"notice":"GroundRules: Original legal text. Not legal advice."}