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).
Noun. 1. chief operating officer-the corporate executive responsible for the operations of the firm; reports to a board of directors; may appoint other managers (including a president). CEO, chief executive officer. business executive, corporate executive-an executive in a business corporation.hief operating officer-the corporate executive responsible for the operations of the firm; reports to a board of directors; may appoint other managers (including a president). CEO, chief executive officer. business executive, corporate executive-an executive in a business corporation.