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.
And, to the extent that the lawfulness of an officialâs order can be ascertained by resort to the published substantive law, the ordinary citizen must be presumed to know and understand the general parameters of the term âlawful order.â We scarcely could do otherwise: If the extent or complexity of the law excuses obedience, it is no law.