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).
A Chief Operating Officer (COO) is the corporate executive who oversees ongoing business operations within the company.The COO reports to the CEO (Chief Executive Officer) and is usually second-in-command within the company.Alternative titles for the COO include Chief Operations Officer, Operations Director and Director of Operations. Chief Operating Officer (COO) is the corporate executive who oversees ongoing business operations within the company.