Examples of Receivership Assets in a sentence
The MOU also recognizes that “[a]ll sales of Receivership Assets, including Forfeited Receivership Assets, must comply with the provisions set forth in the Receivership Orders.” Id. After the Receiver sells a property subject to forfeiture, the Receiver will transfer the net proceeds to the USMS for deposit in the Department of Justice Asset Forfeiture Fund.
According to the MOU, “[t]he Receiver has sole discretion to decide the logistics of the sale of the Forfeited Receivership Assets, on the terms and in the manner the Receiver deems most beneficial to the Receivership Estate and with due regard to the realization of the true and proper value of such property.” Doc.
C.), and to issue subpoenas, bring legal actions, and pursue, resist, and defend all suits and legal proceedings concerning the Receivership Assets (id., ¶ 5.
B.), to take necessary and appropriate actions for the preservation of Receivership Assets or to prevent the dissipation or concealment of those Assets (id., ¶ 5.
The Receiver believes that the Receivership Assets include causes of action against certain third parties.