The receiver may: 1  Run the company in order to maximize the value of the company's assets, sell the company as a whole, or sell part of the company and close unprofitable divisions.  Secure the assets of the company and/or entity.
A court order is an official proclamation by a judge (or panel of judges) that defines the legal relationships between the parties to a hearing, a trial, an appeal or other court proceedings.he content and provisions of a court order depend on the type of proceeding, the phase of the proceedings in which they are issued, and the procedural and evidentiary rules that govern the proceedings.
Executive Order Law & Legal Definition. An executive order is an order issued by the President of the U.S, the head of the executive branch of the federal government. This term also refers to an order issued by a governor of a state. An executive order can also be called a decree or orders-in-council.An executive order issued by the President or the chief executive officer of a state has the force of law, and it is promulgated in accordance with applicable law.[42 USCS Â§ 14616].n executive order can also be called a decree or orders-in-council. An executive order issued by the President or the chief executive officer of a state has the force of law, and it is promulgated in accordance with applicable law.