Before beginning duties as a receiver, the receiver must:

1. (1) swear to perform the duties of a receiver faithfully; and

2. (2) with one (1) or more sureties approved by the court or judge, execute a written undertaking, payable to such person as the court or the judge directs, to the effect that the receiver will:

   1. (A) faithfully discharge the duties of receiver in the action; and

   2. (B) obey the orders of the court or judge.

      [Pre-2002 Recodification Citation: 34-48-1-3.]

As added by P.L.2-2002, SEC.15.