Temporary receivership
Term · Law · MLC-T-LAW-004865
A court-ordered arrangement where a neutral third party, known as a receiver, is appointed to take control of a business or property for a limited duration. This measure is typically implemented to protect assets, manage operations, or preserve value during a legal dispute or financial distress. The receiver's authority is defined by the court order and is provisional until a permanent resolution is reached.
| Identifier | MLC-T-LAW-004865 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004865",
"term": "Temporary receivership",
"field": "Law",
"definition": "A court-ordered arrangement where a neutral third party, known as a receiver, is appointed to take control of a business or property for a limited duration. This measure is typically implemented to protect assets, manage operations, or preserve value during a legal dispute or financial distress. The receiver's authority is defined by the court order and is provisional until a permanent resolution is reached.",
"url": "https://mlchart.com/terminology/law/temporary-receivership/"
}
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