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.
In the context of corporate and commercial law, an officer is a member of a corporation's management team, typically reporting to a director. Officers are not, in most circumstances, eligible for organization into a union.n officer is the agent of the corporation entrusted by it with the exercise of some portion of its corporate powers, and the transaction of the business for which it exists, and the performance of its corporate duties.