Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Receivership

Read a random definition: Proceeding

A quick definition of Receivership:

Receivership: When there is a problem with someone's property, a court can appoint a person called a receiver to take care of it. This is to make sure that the property is not damaged or neglected while the problem is being solved. For example, if there is a disagreement about who owns a shopping mall, a receiver might be appointed to make sure that the mall is taken care of until the disagreement is resolved. The rules for appointing a receiver are different in different places.

A more thorough explanation:

Receivership is a legal process where a court appoints a person or entity to take control of a party's property. This is done to prevent the party from damaging or neglecting the property while a legal case is ongoing.

For example, if there is a dispute over the ownership of a shopping mall, one party may ask the court to appoint a receiver to oversee the mall's operations. This ensures that the mall is properly maintained and managed while the case is being resolved.

The rules for appointing a receiver can vary depending on the jurisdiction. In some cases, a receiver may be appointed to manage a business that is in financial distress or to oversee the distribution of assets in a bankruptcy case.

receiver | Receiving stolen property

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
Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
LSD+ is ad-free, with DMs, discounts, case briefs & more.