Washington § 7.60.140 - Receivership financing.

Full text of Washington Revised Code of Washington § 7.60.140 — Receivership financing., with citation guidance and answers to common questions.

§ 7.60.140. Receivership financing.

(1) If a receiver is authorized to operate the business of a person or manage a person's property, the receiver may obtain unsecured credit and incur unsecured debt in the ordinary course of business allowable under RCW 7.60.230(1)(a) as an administrative expense of the receiver without order of the court.
(2) The court, after notice and a hearing, may authorize a receiver to obtain credit or incur indebtedness other than in the ordinary course of business. The court may allow the receiver to mortgage, pledge, hypothecate, or otherwise encumber estate property as security for repayment of any indebtedness that the receiver may incur.
[ 2004 c 165 s 16.]

Notes

Purpose—Captions not law—2004 c 165: See notes following RCW 7.60.005.

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Frequently Asked Questions About Washington § 7.60.140

What does Revised Code of Washington § 7.60.140 cover?

Section 7.60.140 ("Receivership financing.") is part of the Revised Code of Washington, the codified statutory law of Washington. 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 Washington § 7.60.140?

A common citation format is "Revised Code of Washington § 7.60.140" (Washington). 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 Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 7.60.140 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington 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 Washington.