Roles and Functions of a Receiver

The general roles of a receiver includes (1) to hold, manage and operate businesses, real properties and other forms of income producing assets, and (2) to cause the sale of the parties’ assets to realize cash. The receiver’s function is to control the assets in such manner as the judge cannot directly do while sitting in the courthouse. The appointment of a receiver is not a cause of action; however, it is a provisional remedy as provided by statute or under the general equity powers of the court, in a variety of legal circumstances.

Back To Top