The court may: Require a receiver to post a bond or security with the court; Authorize a receiver to act without posting a bond or other security; or Authorize a receiver to act before the receiver posts any bond required by the court. If a court requires a bond to be posted under subsection (a) of this section, the bond shall be: Conditioned on the faithful discharge of the receiver’s duties; With one or more sureties approved by the court; In an amount the court specifies; and Effective as of the date of the receiver’s appointment. The court may also authorize a receiver to act without posting a bond or other security.