A receiver is:
A) a name of one position on the board of directors.
B) an officer of a corporation who reports to the CEO
C) a person elected by shareholders at a special meeting
D) a person appointed at the instance of a creditor to take over the assets of the corporation.
E) none of the above
Correct Answer:
Verified
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A)unregistered lien
B)guarantee
C)security
D)debt
E)indemnity
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