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litton51

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litton51

Re: wooden post# 54772

Wednesday, 02/08/2012 3:48:59 PM

Wednesday, February 08, 2012 3:48:59 PM

Post# of 60937
You should re-read the excerpts of DE law that have been posted here. Receivership is NOT automatically bankruptcy. The receiver can appoint anyone he chooses to step-up and run the company for the benefit of the shareholders. He can sign contracts, make deals, pretty much anything, and the bums on the (former) BOD are OUT!
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