Receivership is an extraordinary remedy, the purpose of which is to preserve property during the time needed to prosecute a lawsuit, if a danger is present that such property will be dissipated or removed from the jurisdiction of the court if a receiver is not appointed.
A corporate officer is a high-level management official of a corporation or an unincorporated business, hired by the board of directors of a corporation or the owner of a business, such as a president, vice president, secretary, financial officer or chief executive officer (CEO).
military officer, officer - any person in the armed services who holds a position of authority or command; an officer is responsible for the lives of his men. P.O., petty officer, PO - a noncommissioned officer in the Navy or Coast Guard with a rank comparable to sergeant in the Army. sergeant - any of several noncommissioned officer ranks in the Army or Air Force or Marines ranking above a corporal.