Connecticut § 52-626 - Receiver's bond; alternative security.
Full text of Connecticut Connecticut General Statutes § 52-626 — Receiver's bond; alternative security., with citation guidance and answers to common questions.
§ 52-626. Receiver's bond; alternative security.
Sec. 52-626. Receiver's bond; alternative security. (a) Except as provided in subsection (b) of this section, a receiver shall post with the court a bond that:
(1) Is conditioned on the faithful discharge of the receiver's duties;
(2) Has one or more sureties approved by the court;
(3) Is in an amount the court specifies; and
(4) Is effective as of the date of the receiver's appointment.
(b) The court may approve the posting by a receiver with the court of alternative security such as a letter of credit or deposit of funds. The receiver may not use receivership property as alternative security. Interest that accrues on deposited funds must be paid to the receiver on the receiver's discharge.
(c) The court may authorize a receiver to act before the receiver posts the bond or alternative security required by this section.
(d) A claim against a receiver's bond or alternative security must be made not later than one year after the date the receiver is discharged.
(P.A. 21-80, S. 8; 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. 8, from July 1, 2022, to July 1, 2023, effective May 10, 2022.
Frequently Asked Questions About Connecticut § 52-626
What does Connecticut General Statutes § 52-626 cover?
Section 52-626 ("Receiver's bond; alternative security.") 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 § 52-626?
A common citation format is "Connecticut General Statutes § 52-626" (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 § 52-626 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.