resolutions and receiverships

Resolutions are formal decisions made by companies or organizations to address specific issues or to implement certain actions, such as changes in policy or governance. Receiverships occur when a court or creditor appoints a person or entity (a receiver) to take control of a company's assets, typically to manage debt repayment or to preserve value during financial distress. Essentially, resolutions are strategic decisions, while receiverships involve a legal process where an appointed receiver manages a company's assets to protect stakeholders’ interests. Both are tools used to address financial or organizational challenges effectively.