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).
Jupiterimages/Creatas/Getty Images. The chief operating officer of a company, or COO, is a member of a high-level group of executives known as the C-suite..C-suite executives include the chief executive officer -- also known as the CEO -- and the chief financial officer, known as the CFO.ecessity of COOs. Not every company has a chief operating officer -- the position may not be necessary, depending on a company's structure. Some companies have a COO who also serves as chairman who heads the board of directors in establishing a company's mission and goals.