1 An insolvent fuel company is managed by a court-appointed receiver.  A U.S. District Judge appointed a receiver for the multi-level marketing company Equinox International in August 1999. As of 2007, the receiver was authorized to distribute settlement funds from the now-defunct company to approved claimants.
OFFICER. He who is lawfully invested with an office. 2. Officers may be classed into, 1. Executive; as the president of the United States of America, the several governors of the different states.
Law is a system of rules that are enforced through social institutions to govern behaviour. Laws can be made by a collective legislature or by a single legislator (resulting in statutes), by the executive through decrees and regulations, or by judges through binding precedent (normally in common law jurisdictions).