§ 1554 Powers of receiver.

When a court appoints a receiver to manage property involved in a lawsuit, that receiver gets certain powers to do the job. The receiver can sue people or be sued, but only under their own name as the receiver, not as a private person. They can also take control of the property, collect rent, and gather any money that is owed.

The receiver also has the power to settle debts, work out compromises with people who owe money, and transfer property when needed. Basically, they can handle the everyday business tasks tied to the property they are managing. But all of this happens under the court's supervision. The receiver can only do what the court allows, and the judge stays in charge of the bigger decisions.