bank receiver

bank receiver
A bank acting in the capacity of a receiver. 10 Am J2d Banks § 304. A person designated by statute or appointed to take charge of the assets of an insolvent bank and conserve them for liquidation or reorganization of the bank. 10 Am J2d Banks §§ 763 et seq. The receiver of an insolvent national bank is an officer of the United States. Pufahl v Park's Estate, 299 US 217, 81 L Ed 133, 57 S Ct 151.

Ballentine's law dictionary. . 1998.

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