Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Receiver
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.
Receivership
1. The state or condition of being in the control of a receiver. 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 receiver
One who is appointed as a receiver in a particular area to assist a foreign receiver in collecting the assets of an insolvent corporation or other entity.
dry receivership
See RECEIVERSHIP
dry receivership.
A receivership in which there is no equity available to pay general creditors.
expenses of receivership
Expenses incurred by a receiver in conducting the business, including rent and fees incurred by the receiver's counsel and by any master, appraiser, and auditor.
final receiver's receipt
The government's acknowledgment that it has received full payment from a person for public land, that it holds the legal title in trust for the person, and that it will in due course issue the person a land patent.
ne unques son receiver
n. [Law French "never a receiver"] In an action for an accounting, the defendant's plea denying the receipt of anything from the plaintiff.
receiver general
A public official in charge of a government's receipts and treasury. Pl. receivers general.