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Art. 740 Corporation; limited liability company; partnership in receivership or liquidation

Book I, Title III, Chapter 3: Parties Defendant

A. Except as otherwise provided by law, the receiver or liquidator of a domestic or foreign corporation, a domestic or foreign limited liability company, or a domestic or foreign partnership, appointed by a court of this state is the proper defendant in an action to enforce an obligation of the corporation, limited liability company, or partnership, or of its receiver or liquidator.

B. The receiver or liquidator may be sued without the necessity of obtaining permission therefor from the court which appointed him.

Amendment history: Acts 1999, No. 145, §2.