The receiver may: 1  Run the company in order to maximize the value of the company's assets, sell the company as a whole, or sell part of the company and close unprofitable divisions.  Secure the assets of the company and/or entity.
A court order is an official proclamation by a judge (or panel of judges) that defines the legal relationships between the parties to a hearing, a trial, an appeal or other court proceedings.he content and provisions of a court order depend on the type of proceeding, the phase of the proceedings in which they are issued, and the procedural and evidentiary rules that govern the proceedings.
A principle governing affairs within or among political units: canon, decree, edict, institute, ordinance, precept, prescription, regulation, rule. See law. The formal product of a legislative or judicial body: act, assize, bill1, enactment, legislation, lex, measure, statute. See law. (Informal) A member of a law-enforcement agency: bluecoat, finest, officer, patrolman, patrolwoman, peace officer, police, policeman, police officer, policewoman.