A receiver is an indifferent person between the parties appointed by the court to collect and receive the rents, issues, and profits of land, or the produce ot personal estate, or other things which it does not seem reasonable to the court that either party should do; or where a party is incompetent to do so, as In the case of an infant The remedy of the appointment of a receiver is one of the very oldest in the court of chancery , and is founded on the inadequacy of the remedy to be obtained in the court of ordinary jurisdiction . Bisp. Eq.
Black’s Law Online Dictionary
