Ancillary receiver -- An assistant receiver, as a receiver in
one state of the property of a company which is domiciled
(chartered or incorporated) and has its chief place of business
in another state. The receiver, as distinguished from the ancillary
receiver, is situated in and derives his authority from
the state where the company is domiciled.
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.