law: Co-Operative Societies Act 2008 
  154.
  
  Receiver’s duty
  1.      A receiver or
  
  receiver-manager appointed by a Court shall act in accordance with any
  
  directions of the Court.
  2.      A receiver-manager
  
  appointed by the Registrar shall act in accordance with any directions of the
  
  Registrar.
  3.      A receiver or receiver-manager
  
  appointed pursuant to an instrument shall act in accordance with that
  
  instrument and any directions that the Court may make pursuant to section 155.
  4.      A receiver or
  
  receiver-manager shall—
  a.     
  
    act
  
  honestly and in good faith; and
  b.    
  
    deal
  
  with any property of the society in his possession or control in a commercially
  
  reasonable manner.