RECEIVERSHIP

receivership

receivership. 1. The state or condition of being in the control of a receiver. [Cases: Corporations 552, 621(.5); Receivers 1. C.J.S. Corporations § 756; Receivers§§ 1–3.] 2. The position or function of being a receiver appointed by a court or under a statute. 3. A proceeding in which a court appoints a receiver. ancillary receivership.

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