Noncourt Receiver Law and Legal Definition
A receiver is one appointed by a court to administer or hold in trust, property in bankruptcy or in a lawsuit. A noncourt receiver is a receiver provided for in a contract. In a contract, one of the contracting parties is given the right to appoint a receiver of certain property upon the happening of a certain eventuality. A receiver appointed by a government official of the executive branch is also a noncourt receiver.
