Legal Definitions - receiptor

A receiptor is an individual or entity who takes temporary possession of another person's property that has been legally seized by a sheriff or other authorized law enforcement officer. This seizure often occurs as part of a court order, such as to satisfy a debt or judgment. The receiptor signs an agreement to safely keep the property and return it to the sheriff upon demand or when the legal process requires its disposition.

• Example 1: Seized Business Equipment
  A small printing company, "PrintFast Inc.," owes a significant sum to a paper supplier. After a court judgment is issued against PrintFast, the local sheriff arrives to seize some of their high-value printing presses to satisfy the debt. Instead of immediately transporting the large, heavy presses to a distant storage facility, the sheriff arranges for a nearby industrial storage warehouse, "SecureHold Storage," to temporarily house the equipment. SecureHold Storage signs an agreement with the sheriff, becoming the receiptor. They commit to keeping the printing presses safe and secure until the sheriff demands their return, perhaps for an auction to pay the supplier. This demonstrates a receiptor as a third-party entity holding seized business assets under an agreement to return them.

• Example 2: Seized Personal Vehicle
  Sarah has a court judgment against her for an unpaid loan. The sheriff is instructed to seize her classic car, a valuable asset, from her garage. Sarah's brother, David, offers to store the car in his secure, private garage. The sheriff agrees, and David signs a receiptor agreement, acknowledging he is now responsible for the car's safekeeping and must return it to the sheriff when requested. This might be for an eventual sale to satisfy Sarah's debt, or if Sarah manages to pay off the judgment and the car is released back to her. Here, a family member acts as a receiptor for seized personal property, agreeing to its temporary custody and return.

• Example 3: Seized Farm Machinery
  A farmer, Mr. Henderson, defaults on a loan, and a court orders the seizure of his tractor. The sheriff arrives to take possession of the large piece of farm machinery. Due to the size and specialized nature of the tractor, the sheriff asks a local agricultural equipment dealer, "FarmTech Solutions," to store it temporarily in their secure lot. FarmTech Solutions agrees and signs a receiptor document, obligating them to protect the tractor and make it available to the sheriff when it's time for it to be sold at auction to satisfy Mr. Henderson's debt. This shows a business acting as a receiptor for specialized, large equipment seized by legal authority.