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.
Popular Terms. Mandatory order (writ) issued by a higher court to a lower court, inferior tribunal, or a public or corporate officer or agency. It commands the correct and proper performance of a specified act or public-duty related to the responsibilities of the entity to which it is directed. Latin for, we command.