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Receiver

Ballentine's Law Dictionary · James A. Ballentine · 1916

Ballentine's Law Dictionary

An indifferent person between the parties to a cause, appointed by the court to receive and preserve the property or fund in litigation, and receive its rents, issues and profits, and apply or dispose of them at the direction of the court, when it does not seem reasonable that either party should hold them.

See 71 Am. St. Rep. 353, note.