8.6 Receivers' Bank Accounts


(a) Where the amount to be collected during the period of the receivership will equal or exceed $5,000.00 a separate bank account for that receivership must be carried.

(b) Receivers are to carry no more than $5,000.00 in a checking account. Any amount in excess of $5,000.00 shall be deposited in an interest-bearing account.

(c) Receivers of multiple dwelling properties shall file interim reports covering each six months period and the reports shall contain evidence of the amount of funds on hand.

[Adopted May 17, 1976, effective July 1, 1976.]