RECEIVER
receiver. 1. A disinterested person appointed by a court, or by a corporation or other person,
for the protection or collection of property that is the subject of diverse claims (for example,
because it belongs to a bankrupt or is otherwise being litigated). Cf. LIQUIDATOR. [Cases:
Corporations 552, 621(.5); Receivers 1, 81. C.J.S. Corporations § 756; Receivers §§ 1–3,
139–146.]
ancillary receiver.One who is appointed as a receiver in a particular area to help a foreign
receiver collect the assets of an insolvent corporation or other entity. [Cases: Corporations 686.
C.J.S. Corporations §§ 929–930.]
“An ancillary receiver of a corporation or unincorporated association may be appointed (a)
by a competent court of a state in which there are assets of the corporation or unincorporated
association at the time of the commencement of the action for the appointment of such receiver, or
(b) in the case of a corporation, by a competent court of the state of incorporation…. The purpose
of such an ancillary receivership is to aid the foreign primary receivership in the collection and
taking charge of assets of the estate being administered.” 66 Am. Jur. 2d Receivers § 436, at 239
(1973).
general receiver.See principal receiver.
judgment receiver.A receiver who collects or diverts funds from a judgment debtor to the
creditor. • A judgment receiver is usu. appointed when it is difficult to enforce a judgment in any
other manner. — Also termed receiver in aid of execution.
local receiver.Conflict of laws. A receiver appointed in the state where property is located or
where an act is done.
principal receiver.A receiver who is primarily responsible for the receivership estate. • A
principal receiver may ordinarily (1) act outside the state of appointment, (2) sue in a foreign court,
(3) exercise broad powers of assignment, and (4) handle all distributions. — Also termed primary
receiver; general receiver; original receiver.
receiver in aid of execution.See judgment receiver.
statutory receiver.A receiver whose appointment is provided for in a statute.
2.Hist. An officer in the royal household who collected revenues and disbursed them in a
lump sum to the treasurer, and who also acted as an attorney with the power to appear in any court
in England. • The monarch and his or her consort each had a receiver, thus the full title was King’s
Receiver or Queen’s Receiver. [Blacks Law 8th]