Chapter XV · Receiverships; Receivers And

Rule 149. Appointment on Verified Complaint; Receiver Pendente Lite

Amended 2025 (current)

Every complaint filed for the appointment of a receiver for a corporation shall be verified. A receiver pendente lite may be appointed by the Court if cause therefor be shown by the complaint, and it be prayed for therein; and whether the receiver is appointed or not, a rule may be ordered by the Court requiring the defendant to show cause why the receiver pendente lite should not be continued, or such a receiver appointed, as the case may be. Upon the hearing of the rule, if an answer admitting the allegations of the bill be not then filed, a receiver pendente lite may be appointed or the receiver theretofore appointed may be continued until final order, or until the further order of the Court, upon the giving of a bond by the receiver to the State of Delaware within the time fixed in the order of appointment, with surety to be approved by the Court.