Definition of Ancillary receiver

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TeachMeFinance.com




historic definition...

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

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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