Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Temporary receivership

Read a random definition: ancillary probate

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

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
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
LSD+ is ad-free, with DMs, discounts, case briefs & more.