Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

statutory receiver

Read a random definition: credit sale

A quick definition of statutory receiver:

A statutory receiver is a person appointed by a court or a corporation to protect or collect property that is being litigated or belongs to a bankrupt. They are responsible for managing the assets and distributing them to the rightful parties. In history, a receiver was an officer in the royal household who collected and disbursed revenues to the treasurer and acted as an attorney in any court in England.

A more thorough explanation:

A statutory receiver is a person appointed by a court or a corporation to protect or collect property that is being litigated or belongs to a bankrupt. This person is usually disinterested, meaning they have no personal interest in the property. The appointment of a statutory receiver is provided for in a statute.

  • If a company goes bankrupt, a statutory receiver may be appointed to collect and distribute its assets to its creditors.
  • If there are multiple claims on a property, a statutory receiver may be appointed to protect the property until the claims are resolved.

These examples illustrate how a statutory receiver is appointed to protect or collect property that is in dispute or belongs to a bankrupt. The receiver is appointed by a court or a corporation and is usually a disinterested person who has no personal interest in the property.

statutory rate | statutory redemption

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
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
LSD+ is ad-free, with DMs, discounts, case briefs & more.