Trustee / Receiver
"When is a trustee appointed to a company?"
Quick Answer
A court-appointed official tasked with temporarily managing a company, an estate, or property when the regular management is incapacitated, deadlocked, or legally suspended.
Scope and Legal Distinctions
A trustee or receiver acts under the particular appointment and legal route. The title alone does not establish authority to sell assets, vote shares or replace all managers.
What to Check in Practice
Obtain the appointment order and scope, verify powers and reporting duties, and check which decisions still require court or corporate approval.
Sources & Authorities
Statutory framework and official guidance for this definition.
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