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A receiver appointed underneath part 15.1 on the Local community Currency Trade Act is vested with title to the Trade's assets only for the goal of effecting the liquidation.

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On top of that, we rely on these cases simply because our analysis has revealed no scenarios presenting the concern whether or not a particular entity is the equivalent of one of many banking establishments now mentioned in portion 109(b)(2)

The licensee retains its possession desire in the assets and is also entitled to any surplus immediately after creditors are compensated. That desire is "home of the estate" underneath portion 541(a) of your Code

Indeed, the legislative heritage of area 543 supports the conclusion that the phrase "custodian" involves prepetition liquidators who maintain title towards the debtor's assets.

There is no related definition in existing legislation. It really is defined to aid drafting, and suggests a prepetition liquidator from the debtor's house, which include an assignee for the advantage of creditors, a receiver with the debtor's property, or administrator in the debtor's home.

(1) produce for the trustee any assets of your debtor transferred to this kind of custodian, or proceeds of these property, that may be in this sort of custodian's possession, custody, or Regulate on the day that such custodian acquires knowledge of the commencement of the situation;

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(one) A meter that displays the quantity of the progressive jackpot shall be conspicuously displayed at or near the equipment to which the jackpot applies. (two) Not less than at the time day after day, Every single gaming operation shall document the amount demonstrated on Just about every progressive jackpot meter for the gaming operation except for those jackpots which might be paid out straight from the machine's hopper; (three) Explanations for meter looking at decreases shall be taken care of With all the progressive meter studying sheets, and where the payment of the jackpot may be the rationalization for a decrease, the gaming Procedure shall record the jackpot payout selection on the sheet or provide the amount moderately offered; and (four) Just about every gaming Procedure shall record the base amount of Just about every progressive jackpot the gaming operation delivers.

(i) Winners for the gaming machines may get cash, prizes redeemable for cash or merchandise. (ii) If goods prizes are to become awarded, the precise style of prize or prizes Which might be won shall be disclosed into the player prior to the game starts.

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