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RECEIVERSHIP (NOT LRH)
RECEIVERSHIP (NOT LRH)
ScnAdmin
1.
the
office
or
position
of a
receiver
.
2.
the
condition
of a
receiver
holding
the
property
of others in
trust
. An unpaid
creditor
may resort to
legal
action
to have a
court
appoint a
receiver
to
hold
the
property
of a
debtor
in
receivership
pending
litigation
or pending
use
of such
property
towards the payment of the
debt
.