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Form #782Receiver's Certificate of Indebtedness
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Receiver's certificate
of indebtedness.
No. _________
$_____
On or before _________[days] [months] after
date, the undersigned, _________, as receiver in the above-entitled cause, and
not individually or in his [her] own right, promises to pay to the bearer of
this certificate, the sum of $_____, with interest from the date of this
certificate until paid at the rate of _____% per annum. Both principal and
interest are payable at the office of the receiver in the City of _________,
_________.
This certificate is issued under and by virtue of the
authority of an order of the District Court of the United States for the
_________ District of _________, entered _________, in a cause then pending in
entitled "_________, Plaintiff vs. _________, Defendant, in Equity No.
_________."
This certificate is a lien upon all property, real,
personal and mixed, of the defendant, _________, then in the hands of _________
as receiver and which might later come into the hands of the receiver, and upon
the proceeds which might later come into the hands of the receiver, and upon
all earnings and income which was then or might later come into the hands of
the receiver, which lien is to be prior and superior to the rights and
interests of all parties to the suit and prior to the mortgage sought to be
foreclosed in the suit and prior to the bonds issued and secured and prior to
the claims of all stockholders and creditors of the defendant, _________, or of
anyone claiming under them or it (provided, however, that none of the
certificates shall have priority one over the other, either as to principal or
interest), subject only to: _________[if certificates are issued subject to
priorities, here insert priorities].
This certificate of indebtedness is executed by
_________, not personally, but as receiver and is payable only out of the
property and in the manner provided by the order authorizing the certificate.
No personal liability shall be asserted or be enforceable against the promisor.
In witness whereof, _________, as such receiver, has
hereunto signed this certificate this _________ day of _________.
_________
as Receiver
[Form of certificate by clerk of court where order so
provides]
This is to certify that the foregoing certificate has
been duly executed by _________, as receiver of _________, under the order of
the District Court of the United States for the _________ District of
_________, therein mentioned.
Witness the seal of that court and the signature of
the clerk thereof, this _________ day of _________.
_________,
Clerk
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These forms are provided to assist business owners and others in understanding important
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by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
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is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
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