RULE 5.3 RECEIVERS

(a) Qualification of Receivers. Receivers must meet the qualifications set out by statute. See N.D.C.C. ch. 32-10.

(b) Attorneys for Receivers. Application. An attorney for the receiver may be employed only upon order of the court, upon written motion of the receiver stating the reasons for the requested employment and naming the attorney to be employed, who must not be interested in the action as attorney for any party without the written consent of the opposing parties filed with the court.

(c) Inventories of Receivers. Not later than 30 days after appointment, the receiver must file with the court a detailed report and inventory of all property, real or personal, of the estate, designating the property within the receiver's possession or control.

(d) Appraisal for Receivers.

(1) Appraisers. Appraisers for receivers may be appointed by the court.

(2) Appraisal by Receiver. If no appraisers are appointed, the receiver must investigate the value of the several items listed as disclosed by the investigation.

(e) Reports of Receivers.

(1) Time of Filing. The receiver must file one report each year, the first report 12 months after the appointment, and annually thereafter. Special reports may be ordered by the court, and a final report must be filed upon the termination of the proceedings.

(2) Forms. The court may prescribe forms to be used for reports of a receiver.

(3) Fee. Application for fees of a receiver or the receiver's attorney, except by leave of the court, may be made only at the time of the filing of a receiver's report.