§ 6513 Receiver Appointment In Dissolution

• •If a company is being sued to be shut down, a court can put someone in charge to protect the company or the public while the case is decided.
• •This person (called a receiver) will manage the company and its stuff until the court makes a final decision.
• •The court will only do this if it thinks the company or the public could be harmed without this help.
• •The person suing has to ask for this, and the company gets a chance to be heard before it happens.

A big toy company is being sued because it might be hurting kids with unsafe toys. While the court decides if the company should be shut down, the company might keep selling bad toys or lose all its money.

The court can put a receiver in charge to stop selling unsafe toys and manage the company’s money until the court decides what to do. This protects kids and keeps the company’s stuff safe.