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.
Official Immunity Law and Legal Definition. Official immunity is a discretionary immunity from personal liability that is granted to public officers for tortious acts and omissions. It is a personal immunity accorded to a public official from liability to anyone injured by actions that are the consequence of exerting official authority.