Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

primary receiver

Read a random definition: privatization

A quick definition of primary receiver:

A primary receiver is a person appointed by a court or a corporation to protect or collect property that is being disputed. This can happen when a company goes bankrupt or when there are legal issues surrounding the ownership of property. The primary receiver is responsible for managing the assets and making sure they are distributed fairly. They may have broad powers to act outside of their state of appointment and handle all distributions. Think of them like a caretaker for property that needs to be sorted out.

A more thorough explanation:

A primary receiver is a person appointed by a court or corporation to protect or collect property that is being litigated or belongs to a bankrupt entity. They are responsible for managing the receivership estate and handling all distributions.

For example, if a company goes bankrupt, a primary receiver may be appointed to collect and distribute its assets to creditors. Another example is when a disinterested person is appointed by a court to protect property that is being litigated.

Primary receivers have broad powers, such as the ability to act outside the state of appointment, sue in a foreign court, and assign assets. They are also responsible for managing the entire receivership estate.

Overall, a primary receiver is an important legal figure who helps protect and distribute property that is being litigated or belongs to a bankrupt entity.

primary purpose or effect | primary reserve ratio

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.