Connecticut § 52-625 - Disqualification from appointment as receiver; disclosure of interest.
Full text of Connecticut Connecticut General Statutes § 52-625 — Disqualification from appointment as receiver; disclosure of interest., with citation guidance and answers to common questions.
§ 52-625. Disqualification from appointment as receiver; disclosure of interest.
Sec. 52-625. Disqualification from appointment as receiver; disclosure of interest. (a) The court may not appoint a person as receiver unless the person submits to the court a statement under penalty of perjury that the person is not disqualified.
(b) Except as provided in subsection (c) of this section, a person is disqualified from appointment as receiver if the person:
(1) Is an affiliate of a party;
(2) Has an interest materially adverse to an interest of a party;
(3) Has a material financial interest in the outcome of the action, other than compensation the court may allow the receiver;
(4) Has a debtor-creditor relationship with a party; or
(5) Holds an equity interest in a party, other than a noncontrolling interest in a publicly traded company.
(c) A person is not disqualified from appointment as receiver solely because the person:
(1) Was appointed receiver or is owed compensation in an unrelated matter involving a party or was engaged by a party in a matter unrelated to the receivership;
(2) Is an individual obligated to a party on a debt that is not in default and was incurred primarily for personal, family or household purposes; or
(3) Maintains with a party a deposit account, as defined in subdivision (29) of subsection (a) of section 42a-9-102.
(d) A person seeking appointment of a receiver may nominate a person to serve as receiver, but the court is not bound by the nomination.
(P.A. 21-80, S. 7; P.A. 22-26, S. 64.)
History: P.A. 21-80 effective July 1, 2022; P.A. 22-26 changed effective date of P.A. 21-80, S. 7, from July 1, 2022, to July 1, 2023, effective May 10, 2022.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 52-625
What does Connecticut General Statutes § 52-625 cover?
Section 52-625 ("Disqualification from appointment as receiver; disclosure of interest.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 52-625?
A common citation format is "Connecticut General Statutes § 52-625" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 52-625 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.