Receivership is used to denote a situation in which an institution or enterprise is being held by a receiver. In law, a receiver is a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights." Various types of receiver appointments exist:
a receiver appointed by a (government) regulator pursuant to a statute;
a privately-appointed receiver;
a court-appointed receiver.
The receiver's powers "flow from the document(s) underlying his appointment – a statute, financing agreement, or court order.


