BASIS FOR APPOIUNTMENT OF RECEIVER IN FEDERAL COURTS

Rule 66 of the Federal Rules of Civil Procedure authorizes the appointment of receivers by federal court judges. Numerous sections of Title 28 of the United States Code, which governs judiciary and judicial procedure, address the conduct of receivers and rules governing receivers in various contexts.  The federal system relies primarily upon decisional law rather than upon statutes to delineate when and under what circumstance receivers may be appointed.