Receiver definition law
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Receiver definition law
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WebbA statutory receiver is a person appointed by a court or a corporation to protect or collect property that is being litigated or belongs to a bankrupt. This person is usually disinterested, meaning they have no personal interest in the property. The appointment of a statutory receiver is provided for in a statute. Webb(a) No party, or attorney of a party, or person interested in an action, or related to any judge of the court by consanguinity or affinity within the third degree, can be appointed receiver therein without the written consent of the parties, filed with the clerk.
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Webbreceivership, in law, the judicial appointment of a person, a receiver, to collect and conserve certain assets and to make distributions in accordance with judicial …
WebbTemporary receivership is a legal solution where a court appoints a person to manage a property that is in the possession of the defendant. This remedy is only available when the plaintiff is making an equity claim, and the property is the subject of the claim. The court will grant this remedy only if there is a risk that the defendant will damage or reduce the … legend hand of godWebbreceiver n. 1) a neutral person (often a professional trustee) appointed by a judge to take charge of the property and business of one of the parties to a lawsuit and receive his/her rents and profits while the right to the moneys has not been finally decided. legend hand of god windows 10In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet its financial obligations and is said to be insolvent. The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property. … legend hand of god torrent