{"data":{"id":"us-wv/w.-va.-code-55-21-7","jurisdiction":"us-wv","citation":"W. Va. Code § 55-21-7","heading":"Disqualification from appointment as receiver; disclosure of interest.","body":"(a) 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(b) Except as otherwise provided in subsection (c) of this section, a person is disqualified from appointment as receiver if the person:\n(1) Is an affiliate of a party;\n(2) Has an interest materially adverse to an interest of a party;\n(3) Has a material financial interest in the outcome of the action, other than compensation the court may allow the receiver;\n(4) Has a debtor-creditor relationship with a party; or\n(5) Holds an equity interest in a party, other than a noncontrolling interest in a publicly-traded company.\n(c) A person is not disqualified from appointment as receiver solely because the person:\n(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;\n(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\n(3) Maintains with a party a deposit account as defined in §46-9-102(a)(29) of this code.\n(d) 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":["CHAPTER 55. ACTIONS, SUITS AND ARBITRATION; JUDICIAL SALE.","ARTICLE 21. UNIFORM COMMERCIAL REAL ESTATE RECEIVERSHIP ACT."],"source_url":"https://code.wvlegislature.gov/55-21-7/","current_through":"as of 2026-08-03; contains at least the enactments of the 2026 Regular Session","vintage":"","retrieved_at":"2026-09-06T00:31:02Z","sha256":"ce8d7e8bae11ca6f425fe7c80b79ed4bf395cd954e7007143b747e14c61760fa","source_id":"us-wv","stale":true,"prev":"us-wv/w.-va.-code-55-21-6","next":"us-wv/w.-va.-code-55-21-8"},"notice":"GroundRules: Original legal text. Not legal advice."}