This is an order for the appointment of a receiver. In an instance where the appointment of a receiver is necessary, this decision and order directs the receiver to reduce to cash any and all asssets where possible, and to file with the clerk a list of all assets and their disposition.
Arizona Appointment of a Receiver
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US-L07057
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FAQ
A receiver is a person appointed as custodian of a person or entity's property, finances, general assets, or business operations. Receivers can be appointed by courts, government regulators, or private entities. Receivers seek to realize and secure assets and manage affairs to pay debts.
A receiver is a neutral fiduciary appointed by the court, both state and federal, to take control and possession of all forms of assets involved in contentious litigation for the purpose of preserving and maintaining the assets pending the conclusion of the litigation, or to effect the sale of the assets to realize ...
In conclusion, Rule 64 of the Federal Rules of Civil Procedure provides a framework for the seizure of property in order to enforce judgments and protect property. It ensures that the rights of individuals are respected, and that any harm caused by the seizure of property is minimized.
The first sentence added to Rule 66 prevents a dismissal by any party, after a federal equity receiver has been appointed, except upon leave of court. A party should not be permitted to oust the court and its officer without the consent of that court.
The Texas Family Code allows for a receiver to be appointed to preserve and protect the property of the parties or to enforce the division of marital property made in a decree.
P. 66. An action wherein a receiver has been appointed shall not be dismissed except by order of the court.
An action in which a receiver has been appointed may be dismissed only by court order. (As amended Dec. 27, 1946, eff.