Section 190: Powers of receiver
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
190. Powers of receiver
(1) A receiver shall have the powers and authorities expressly or impliedly conferred by the instrument or the order of the Court by or under which
the appointment was made.
(2) Subject to the instrument or order of the Court by or under which the
appointment was made, a receiver shall have and may exercise the powers
set out in the Eighth Schedule.
(3) A receiver may, subject to the instrument or order of the Court by or
under which the appointment is made, exercise the receiver’s powers and
authorities to the exclusion of the board of directors or chargor.
(4) Two or more receivers may act jointly or severally to the extent that
they have the same powers unless the instrument under which, or the order
of the Court by which, they are appointed expressly provides otherwise.