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).
Company officers are chosen by a corporate board of directors. Comstock Images/Comstock/Getty Images. An officer of a company is also an employee. However, as an officer, she has a higher level of responsibility in the company.Larger companies have several levels of employees, ranging from entry level up to officer level positions.n officer of a company is also an employee. However, as an officer, she has a higher level of responsibility in the company. Larger companies have several levels of employees, ranging from entry level up to officer level positions.