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).
An officer is a member of an armed force or uniformed service who holds a position of authority. Used without further detail, the term officer almost always refers to commissioned officers, the most senior portion of a force who derive authority from a commission from a state.