A court may not appoint a person as a receiver unless the person first: (1) Discloses whether the person: (a) Is an affiliate of a party to the receivership; (b) Has an interest materially adverse to an interest of a party to the receivership; (c) Has a material financial interest in the outcome of the action, other than compensation approved by the court; (d) Has a debtor-creditor relationship with the owner; or (e) Holds an equity interest in a party to the receivership, other than a noncontrolling interest in a publicly traded company; and (2) Affirms under oath that the persons disclosure under subsection (1) of this section is true and complete.
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