The receiver has, under the control of the Court, power to bring and defend actions in his own name, as receiver; to take and keep possession of the property, to receive rents, collect debts, to compound for and compromise the same, to make transfers, and generally to do such acts respecting the property as the Court may authorize.
Cal. Civ. Proc. Code § 568
Receivers
Applied in 2 court decisions — leading case State Street Bank & Trust Co. v. Park (In Re Si Yeon Park, Ltd.) (1996)
Most recently applied in Yufa v. Tsi, Incorporated (November 2016)
Enacted 1872.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.