Requiring Corporate Officer or Agent to

Make Disclosure Upon the application of the receiver or any creditor or stockholder of the corporation, the Court may require any officer, employee or agent of the corporation to appear before the receiver, or before a Magistrate in Chancery appointed by the Court, at a designated time and place, and answer such questions respecting the assets, liabilities, dealings and transactions of the company as are or seem likely to be important in the discovery, recovery and collection of the assets of the company and the administration of the receivership. Whenever necessary, a Magistrate in Chancery will be appointed to conduct the examination and make report of any matter deemed by the Magistrate in Chancery important in the administration of the receivership. History. Amended, effective July 18, 2023. Rule 161. Duty to File Reports Every receiver shall within 3 months of being appointed submit to the Court a full report of the receiver’s proceedings and the state of the affairs of the company, and thereafter make like report at the expiration of each year during the pendency of the receivership.