Section 16-117-301 - Complaint to be declared insolvent - Appointment of receiver

Any insolvent debtor may file in the circuit court of the county in which he or she resides a complaint in which one (1) or more of his or her creditors shall be made defendants, asking to be declared an insolvent, and asking for the appointment of a receiver to take charge of his or her property and distribute the property among his or her creditors. Upon the filing of the petition, the court shall appoint a receiver.Acts 1897 (Ex. Sess.) No. 48, § 1, p. 115; C. & M. Dig., § 5885; Pope's Dig., § 7607; A.S.A. 1947, § 36-201; Acts 2003, No. 1185, § 238.