The receiver has, under the control of the court, power to bring and defend actions in his own name, as receiver; to take and keep possession of the property, to receive rents, to collect debts, to compound for and compromise the same, to make transfers, and generally to do such acts respecting the property as the courts may authorize.
§ 1554.Powers of Receiver
Chapter 30: Receivers · Not amended since adoption on record · Last verified August 3, 2026
In one sentenceGives a receiver, subject to the court's control, the power to sue and be sued in the receiver's own name, take and keep possession of property, collect rents and debts, compromise claims, transfer property, and take any other action the court authorizes.
Full Text of § 1554
Amendment History
R.L. 1910, § 4982.
Plain-English Summary
Section 1554 spells out what a receiver can do once appointed. Acting under the court's control, the receiver can bring and defend lawsuits in the receiver's own name, take and hold possession of the property, collect rents, collect debts owed to it, and settle or compromise those debts.
The receiver can also transfer property and, more broadly, do whatever else the courts authorize with respect to the property. The powers run wide, but they stay tethered to the court's ongoing supervision.
Frequently Asked Questions
What can a receiver do with property in Oklahoma?
Under the court's control, a receiver can take possession of it, collect rents and debts, sue and be sued over it in the receiver's own name, compromise debts, make transfers, and do other acts the court authorizes.
Can a receiver sue someone without the property owner joining the suit?
Yes. The statute lets the receiver bring and defend actions in the receiver's own name, as receiver.
Does a receiver need court approval for everything?
The statute frames all these powers as exercised under the control of the court, so the receiver's authority runs through ongoing court supervision.
Source & verification. Section text is reproduced verbatim from
Title 12 of the Oklahoma Statutes, enacted by the Oklahoma Legislature.
Last verified August 3, 2026.
· Official source
Also known as: what can a receiver do oklahoma12 O.S. § 1554receiver's powers over propertyreceiver authority to sue oklahoma