Receiver Law & Legal Definition
A receiver is a person appointed by a court while considering a matter under issue before it. A receiver is appointed to receive the rent, proceeds and profit from land, produce or any other property in dispute. The court exercises its discretionary power while appointing a receiver. The receiver is an officer of court and who is responsible for good faith and reasonable diligence. If any loss occurs to the property entrusted to the receiver, out of his/her negligence or dishonest execution of trust he/she shall be liable for damages.
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