Effect of appointment

A court receiver is not the agent of any party to the litigation in which he or she is appointed, but is an officer of the court. Interference with, or obstruction of, the exercise of their functions will be a contempt of court. As regards third parties, the receiver is a principal and personally liable, but has a right of indemnity against, and a lien over, the assets to which he or she is appointed for those liabilities.

A private receiver is usually made the agent of the corporation, rather than the appointor, by virtue of the instrument under which he or she is appointed.

See Effect of Appointment.