Section 67-5-2205 - Leases by receiver - Maintenance and operating expenses

(a)(1) The receiver is authorized to rent or lease the receivership property upon such terms as may be approved by the court in which the receivership is pending.(2) Any lease thus made by the receiver shall terminate upon the termination of the receivership.(b) From any assets of the receivership, the court may authorize the payment of a reasonable premium on any surety bond required of the receiver and reasonable expenses for the maintenance, repair or improvement of the receivership property.Acts 1941, ch. 19, § 3; C. Supp. 1950, § 1789.9 (Williams, § 1789.3); T.C.A. (orig. ed.), § 67-1905.