ancillary receiver

A receiver who has been appointed in aid of, and in subordination to, a foreign receiver for the purpose of collecting and taking charge of the assets of the insolvent corporation in the jurisdiction where he is appointed. Re Stoddard, 242 NY 148, 151 NE 159, 45 ALR 622, 630; 45 Am J1st Rec § 420. To be distinguished from a receiver in a provisional or pendente lite receivership which is in aid of a main or principal action. United States v Kensington, S. & D. Corp. (CA3 Pa) 18'7 172d 709, 27 ALR2d 708.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

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