§ 1227 Report to courts.

Here's a plain English summary of this rule:

When a court appoints a receiver to manage money or property in a case, that person has to answer to the court. If the judge asks for an update, the receiver must explain what they've done so far. This keeps the court informed and makes sure nothing happens without the judge knowing about it.

The receiver also can't just do whatever they want with the money or property they collect. They have to hold onto it and wait for the court to tell them what to do next. This protects everyone involved in the case by making sure the receiver follows the court's instructions instead of acting on their own.