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 CFO, or Chief Financial Officer, heads the financial function in a company or a large division of a company. The CFO of a company heads both its controller and treasury functions. In many cases, the CFO has subordinates who, in turn, lead each of these principal functional areas in finance. The CFO of a division, by contrast, is effectively the head controller of that unit. There typically is no treasury function at a divisional level. When pluralized as CFOs, the abbreviation also can stand for Critical Few Objectives (in addition to Chief Financial Officers).