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LSDefine

Simple English definitions for legal terms

Temporary receivership

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A quick definition of Temporary receivership:

Temporary receivership: When someone is claiming ownership of something, but the other person has it, a court can appoint someone to take care of it temporarily. This is only done if the person who has it might damage or ruin it while the case is being decided.

A more thorough explanation:

Temporary receivership is a legal solution where a court appoints a person to manage a property that is in the possession of the defendant. This remedy is only available when the plaintiff is making an equity claim, and the property is the subject of the claim. The court will grant this remedy only if there is a risk that the defendant will damage or reduce the value of the property while the case is pending.

Suppose a company is facing a lawsuit from its creditors. The creditors claim that the company owes them money and that the company is trying to sell its assets to avoid paying the debt. In this case, the court may appoint a temporary receiver to manage the company's assets until the case is resolved. The receiver will ensure that the assets are not sold or damaged, and the creditors can recover their money if they win the case.

Another example could be a landlord-tenant dispute where the landlord is not maintaining the property, and the tenant is seeking damages. In this case, the court may appoint a temporary receiver to manage the property until the dispute is resolved. The receiver will ensure that the property is maintained, and the tenant can recover damages if they win the case.

These examples illustrate how temporary receivership can protect the interests of the plaintiff and prevent the defendant from causing harm to the property in question.

Temporary Protected Status (TPS) | Temporary restraining order

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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
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