- The means of reaching a legitimate end through the exercise of the equitable power of the court or under statutory authorization by appointing one known as a receiver with property to seize and take custody of property. An ancillary remedy, sometimes in the nature of a provisional remedy, whereby the preservation of property in litigation is accomplished by placing it in the possession of a receiver appointed by the court. Pereira v Wulf, 83 Mont 343, 272 P 532. All equitable remedy for the dissolution or reorganization of a corporation in financial distress.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
receivership — re·ceiv·er·ship /ri sē vər ˌship/ n 1: the office or function of a receiver 2: a proceeding in which a receiver is appointed 3: the state of being in the hands of a receiver compare bankruptcy Merria … Law dictionary
Receivership — is used to denote a situation in which an institution or enterprise is being held by a receiver.United StatesSeveral regulatory entities have been granted power by the Congress to place banking and financial institutions into receivership. The… … Wikipedia
Receivership — Re*ceiv er*ship, n. The state or office of a receiver. [1913 Webster] … The Collaborative International Dictionary of English
receivership — (n.) late 15c., from RECEIVER (Cf. receiver) + SHIP (Cf. ship) … Etymology dictionary
receivership — ► NOUN ▪ the state of being managed by an official receiver … English terms dictionary
receivership — [ri sē′vərship΄] n. 1. Law the duties or office of a receiver 2. the state of being administered or held by a receiver … English World dictionary
receivership — the legal condition a company is placed in when an official receiver is appointed to investigate and manage its affairs. Glossary of Business Terms * * * receivership re‧ceiv‧er‧ship [rɪˈsiːvəʆɪp ǁ vər ] noun [uncountable] LAW FINANCE when a… … Financial and business terms
receivership — n. 1) to put a firm into receivership 2) in receivership * * * [rɪ siːvəʃɪp] in receivership to put a firm into receivership … Combinatory dictionary
receivership — /ri see veuhr ship /, n. Law. 1. the condition of being in the hands of a receiver. 2. the position or function of being a receiver in charge of administering the property of others. [1475 85; RECEIVER + SHIP] * * * In law, state of being in the… … Universalium
receivership — re|ceiv|er|ship [rıˈsi:vəʃıp US vər ] n [U] if a business is in receivership, it is controlled by an official receiver because it has no money ▪ The company went into receivership with massive debts … Dictionary of contemporary English
receivership — [[t]rɪsi͟ːvə(r)ʃɪp[/t]] receiverships N VAR: oft in/into N If a company goes into receivership, it faces financial failure and the administration of its business is handled by the receiver. The company has now gone into receivership with debts of … English dictionary