§ 52.511

Upon the appointment of a receiver for a partnership, he shall be entitled to the immediate possession and control of all its property, both real and personal, subject to the order of the Superior Court; but any such appointment, or any order of the court, may be modified or vacated on the application to the court of any party to the proceedings, reasonable notice of the application and of the time and place of the hearing thereon having first been given to every other party.(1949 Rev., S. 8247; P.A. 82-160, S. 200.)History: P.A. 82-160 made minor changes in wording.That statute 'vests' the partnership property in the receiver on his appointment does not alter the nature of the application. 66 C. 359; 87 C. 369.