The mortgagor cannot dismiss the receiver since that power is reserved to the mortgagee1. The receiver will, however, be displaced by the appointment of a receiver by a prior mortgagee. Liquidation of a company mortgagor does not terminate the receiver's appointment or powers, but does terminate his agency for the mortgagor2. If the receiver continues to act, he normally acts as principal3 but may become the agent of a mortgagee who treats him as such4. Where an administration order has been made, any receiver of part of the
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234