Receivers shall receive for their services such compensation as the court may award, subject to the following restrictions:
(1) Receivers appointed for the purpose of preserving and protecting property pending litigation, or for the purpose of continuing the business of the debtor or corporation pending litigation, or when financially embarrassed, may be awarded a salary or lump sum;
(2) Receivers appointed for the purpose of winding up the affairs of a debtor or corporation, reducing the assets to cash and distributing them, shall be awarded as compensation for such services a percentage upon the cash received and properly accounted for by them, which percentage may be increased where extraordinary services have been performed, and correspondingly reduced where the services have not been meritoriously performed.
Notes of Decisions
State ex rel. Beck v. Assocs. Disc. Corp., 96 N.W.2d 55 (Neb. 1959).
· cites it 4× “As to the form of compensation to be paid a receiver section 25-1092, R. R. S. 1943, provides: “Receivers shall receive for their services such compensation as the court may award, subject to the following restrictions: (1) Receivers appointed for the purpose of preserving and…”
Crabar/GBF, Inc. v. Wright, No. 8:16-cv-00537 (D. Neb. Feb. 22, 2024).
· cites it 2× “" Neb. Rev. Stat. § 25-1092 . A receiver's compensation "should be fixed at an amount that will be fair and reasonable for the services rendered," and the compensation "should not be greater than what would be reasonable compensation for doing the same amount and character of…”
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