Upon a proper showing in any action under Section 40-3-507 that contributions are in danger of being lost or rendered uncollectible by reason of the mismanagement, dissipation or concealment of the property by the taxpayer and a request for the appointment of a receiver for the management of the taxpayer is made, a receiver shall be appointed.

Laws 1980, SB 637, c. 323, § 3-508, emerg. eff. July 1, 1980.