Temporary Receivership
/ˈtɛmpəˌrɛri rɪˈsiːvərʃɪp/
Definitions
- (n.) A provisional legal process appointing a receiver to manage or preserve property or assets during litigation or insolvency, typically short-term until a final decision.
The court granted temporary receivership to protect the company's assets pending trial.
Forms
- temporary receivership
Related terms
See also
Commentary
Temporary receivership is often used as a measure to prevent asset dissipation, underscoring the need for clear court authority and scope limitations in appointment orders.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.