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§ 64.032.Inventory

Title 3. Extraordinary Remedies · Chapter 64. Receivership · Subchapter C. Powers and Duties · Last amended 1985 · Last verified August 29, 2026

In one sentenceSection 64.032 requires a receiver to return an inventory of all property received to the appointing court as soon as possible after appointment.

Full Text of § 64.032

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As soon as possible after appointment, a receiver shall return to the appointing court an inventory of all property received.
End

Plain-English Summary

One sentence establishing the receivership’s opening record.

As soon as possible after appointment, a receiver shall return to the appointing court an inventory of all property received.

The inventory fixes the starting point. Everything that follows — the accounts, the claims, the final discharge — is measured against what the receiver took in.

Without it there is no baseline. A receiver who reports at the end without having recorded the beginning cannot show what became of anything, and the parties cannot test the account.

"All property received" is the measure, not all property claimed. The inventory records what came into the receiver’s hands, which may be less than the order contemplated.

That gap is itself informative. An inventory showing considerably less than expected tells the court and the parties that assets are missing, at the point when something can still be done about it.

The return is to the appointing court, consistent with the receiver being that court’s officer and answerable to it rather than to a party.

"As soon as possible" rather than a fixed period reflects how much receiverships vary — a bank account is inventoried in a day, an operating business in weeks.

The missing person subchapter builds on this pattern with periodic sworn statements of account and a full and final account at the close, and the inventory is where that sequence begins.

Frequently Asked Questions

Must a receiver file an inventory?

Yes, of all property received, returned to the appointing court as soon as possible after appointment.

Why does it matter?

It fixes the baseline against which every later account and the final discharge are measured.

Is there a deadline?

"As soon as possible" rather than a fixed period, which reflects how much receiverships differ in scale.

Amendment History

  • Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985.
Source & verification. Section text is reproduced verbatim from Texas Legislature Online (statutes.capitol.texas.gov). Enacted by the Texas Legislature. Current through May 14, 2026. Last verified August 29, 2026. · Official source