---
urn: urn:us-la:rs:27:281
citation: "R.S. 27:281"
status: active
breadcrumb: "Title 27 › Chapter 5 › Part XI"
acts_citations:
  - { year: 1992, number: 384, section: 1, effective_date: 1992-06-18, role: enactment }
---

# Effect of appointment of receiver

Upon the appointment of a receiver and posting of bond, the authority of the debtor/contractor shall be conditioned, subject to full reinstatement by the corporation according to rules and regulations to be promulgated by the corporation. If the debtor/contractor is operating pursuant to a contract with the corporation, the receiver shall be considered to have all of the rights and obligations of the contract formerly held by the debtor/contractor.