A court may not appoint a person as a receiver unless the person first:

1. (1) Discloses whether the person:

   1. (a) Is an affiliate of a party to the receivership;
   2. (b) Has an interest materially adverse to an interest of a party to the receivership;
   3. (c) Has a material financial interest in the outcome of the action, other than compensation approved by the court;
   4. (d) Has a debtor-creditor relationship with the owner; or
   5. (e) Holds an equity interest in a party to the receivership, other than a noncontrolling interest in a publicly traded company; and
2. (2) Affirms under oath that the person’s disclosure under subsection (1) of this section is true and complete.

[2017 c.358 §8]