1 An insolvent fuel company is managed by a court-appointed receiver.  A U.S. District Judge appointed a receiver for the multi-level marketing company Equinox International in August 1999. As of 2007, the receiver was authorized to distribute settlement funds from the now-defunct company to approved claimants.
OFFICER. He who is lawfully invested with an office. 2. Officers may be classed into, 1. Executive; as the president of the United States of America, the several governors of the different states.
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.