§ 64.106.Closing Receivership

The closing obligation, and its trigger is whichever of two events happens first.

The receiver must report and account when the threatened danger has abated and the estate is no longer liable to injury, loss, or waste for the lack of a representative, or when the receivership terminates under the six-month limit — whichever occurs earlier.

The first trigger is substantive. The receivership existed to answer a danger, and when the danger is gone so is the justification.

The second is temporal. Six months, or twelve with an extension, and the receivership ends whether or not the danger has passed.

"Whichever occurs earlier" prevents a receivership continuing on either ground alone. A resolved danger closes it early; an unresolved one does not extend it.

Four things must be accounted for, in a full and final sworn account filed with the clerk: all property received, all sums paid out, all acts performed with respect to the property, and all property remaining in the receiver’s control.

The first and last bracket the whole administration. What came in, and what is left — measured against the inventory the general provisions require at the start.

"All acts performed" repeats the periodic reports’ requirement, so the final account is a complete record rather than a closing balance.

The account is filed with the clerk as well as reported to the court, which puts it in the record where a returning missing person, or their representative, can find it.

The following section governs what the court does with it — approval and discharge, or continuation where the court is not satisfied.