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Serve notice on a borrower that a receiver has been appointed with this Notice of Appointment of Receiver form.
The Notice of Appointment of Receiver would be served by a lender to notify a borrower that, due to the borrower's default in loan payments and failure to cure the default, the lender has exercised its right to appoint a receiver to take possession of certain assets and to carry on the borrower's business.
This Notice of Appointment of Receiver form is available as a downloadable and fully editable MS Word file.
We’ve Got It! www.megadox.com NOTICE OF APPOINTMENT OF RECEIVER TO: [BORROWER] [address] DATE: [date] Dear Sirs: Re: Debenture in favor of [Lender] As part of the security for its indebtedness to [Lender], [Borrower] executed a debenture dated [debenture date]. This debenture provided that on default in payment of principal or interest, [Lender] could, in addition to the other remedies set out in the debenture, appoint by instrument in writing a receiver of all or part of the assets charged by the debenture. The debenture provided that the receiver shall have the power, inter alia,
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