In an effort to provide more clarity and predictability, Florida enacted the Uniform Commercial Real Estate Receivership Act (UCRERA) effective July 1. A task force of The Florida Bar business law section found that existing receivership law in Florida did not provide a clear standard for the appointment of a receiver or set forth a receiver's powers and duties, which led to a lack of predictability concerning receiverships in the commercial real estate context. The act articulates the duties and powers of the receiver, the circumstances under which a receiver may be appointed, and the logistical components of a receivership. Additionally, in a time when the pandemic-stricken economy may lead to more receiverships and when more of corporate America is analyzing its diversity and inclusion efforts, the act may have the unintended effect of leading to the appointment of more women and minority receivers by demystifying the process.