Text of the provision
Sec. 4. Oath and bond of receiver. — Before entering upon his duties, the receiver shall be sworn to perform them faithfully, and shall file a bond, executed to such person and in such sum as the court may direct, to the effect that he will faithfully discharge his duties in the action or proceeding and obey the orders of the court.
2019 Rules of Civil Procedure (A.M. No. 19-10-20-SC), Rule 59, Section 4. Reproduced verbatim and verified word-for-word against the Supreme Court's official text and the ChanRobles rendering.
About this section
This is Section 4 of Rule 59 (Receivership) of the 2019 Rules of Civil Procedure, the rules promulgated by the Supreme Court in A.M. No. 19-10-20-SC and in force since May 1, 2020. The text above is reproduced verbatim from the current rules.
Related provisions
- Section 3 — Denial of application or discharge of receiver.
- Section 5 — Service of copies of bonds; effect of disapproval of same.
Cases citing this section
- Authorities on this section will be added here as each is verified against primary sources.