FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/R7yULiuUW6FwlVvfIPt13We
Label Receivership Creation
Preferred Label N/A
Identifier N/A
Alternative Labels
Appointment Of Receiver Receiver Establishment Receivership Appointment

Definition

Receivership creation refers to the judicial appointment of a receiver to take control of and manage a company's assets during financial distress or litigation. This process aims to protect and preserve the assets while a resolution is sought, often leading to restructuring, liquidation, or sale.

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