VER. A receiver is an indifler-ent person between the parties appointed by the court to collect and receive the rents, issues, and profits of land, or the produce ot persoual estate, or other things which it does not Beem reasonable to the court that either party should do; or where a party is lncom-petent to do so, as iu the case of an infant The remedy of the appointment of a receiver is one of the very oldest in the court of chan-cery, and is founded on the inadequacy of the remedy to be obtained in the court of ordinary jurisdiction. Bisp. Eq. | 576. See Hay ▼. McDaniel, 26 Ind. App. 683, 60 N. B. 729; Hale v. Hardon, 95 Fed. 773, 37 O. O
Source: Black's Law Dictionary 2nd Ed (1910)
