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It sets out the court’s appointment of a Receiver, without security, over the Debtor’s current and future assets and related proceeds, undertakings, and properties. The document authorizes the Receiver to take control of property, preserve and protect assets, manage and operate the Debtor’s business, retain professionals, collect debts, compromise obligations, execute transactional documents, undertake assessments, and prosecute or defend proceedings. 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B-3, as amended (the “BIA”) and Section 39 of the Law and Equity Act, R.S.B.C. 1996 c. 253, as amended (the “LEA”) appointing [RECEIVER’S NAME] as [Interim Receiver and/or Receiver and Manager] (in such capacity, the “Receiver”) without security, of all of the assets, undertakings and properties of [DEBTOR’S NAME] (the “Debtor”) coming on for hearing this day at the Courthouse, ______________________, _________, British Columbia.\nAND ON READING the Notice of Motion dated ________________, 200__, the Affidavit #____ of [NAME] sworn [DATE]; AND ON HEARING ________________, Counsel for [NAMES], no one appearing for [NAME], although duly served, and on reading the consent of [RECEIVER’S NAME] to act as the Receiver.\n[NOTE 1]\nAPPOINTMENT\nTHIS COURT ORDERS that pursuant to [Section 47(1) of the BIA and/or Section 39 of the LEA] (choose applicable section(s)/statute(s)) [RECEIVER’S NAME] is hereby appointed Receiver, without security, of all of the Debtor’s current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate, including all proceeds thereof (the “Property”).\nRECEIVER’S POWERS\nTHIS COURT ORDERS that the Receiver is hereby empowered and authorized, but not obligated, to act at once in respect of the Property and, without in any way limiting the generality of the foregoing, the Receiver is hereby expressly empowered and authorized to do any of the following where the Receiver considers it necessary or desirable:\ntake possession and control of the Property and any and all proceeds, receipts and disbursements arising out of or from the Property;\nreceive, preserve, protect and maintain control of the Property, or any part or parts thereof, including, but not limited to, changing of locks and security codes, relocating of Property to safeguard it, engaging of independent security personnel, the taking of physical inventories and placement of such insurance coverage as may be necessary or desirable;\nmanage, operate and carry on the business of the Debtor, including the powers to enter into any agreements, incur any obligations in the ordinary course of business, cease to carry on all or any part other business, or cease to perform any contracts of the Debtor;\nengage consultants, appraisers, agents, experts, auditors, accountants, managers, counsel and such other persons from time to time and on whatever basis, including on a temporary basis, to assist with the exercise of the powers and duties conferred by this Order;\npurchase or lease machinery, equipment, inventories, supplies, premises or other assets to continue the business of the Debtor or any part thereof;\nreceive and collect all monies and accounts now owed or hereafter owing to the Debtor and to exercise all remedies of the Debtor in collecting such monies, including, without limitation, to enforce any security held by the Debtor;\nsettle, extend or compromise any indebtedness owing to or by the Debtor;  [NOTE 2]\nexecute, assign, issue and endorse documents of whatever nature in respect of any of the Property, whether in the Receiver’s name or in the name and on behalf of the Debtor, for any purpose pursuant to this Order;\nundertake environmental or workers’ health and safety assessments of the Property and operations of the Debtor;\ninitiate, prosecute and continue the prosecution of any and all proceedings and to defend all proceedings now pending or hereafter instituted with respect to the Debtor, the Property or t","cbCaibgD5YE1nuhJ","https://ap.wps.com/l/cbCaibgD5YE1nuhJ","docx",63962,31,"English","# APPOINTMENT\n## RECEIVER’S POWERS","[{\"question\":\"Who is appointed in the Model Receivership Order and on what basis?\",\"answer\":\"The court orders that [RECEIVER’S NAME] is appointed Receiver without security pursuant to the selected applicable statutory provisions under the BIA and/or LEA.\"},{\"question\":\"What powers does the Receiver have over the Debtor’s property?\",\"answer\":\"The Receiver may take possession and control, preserve and protect assets, manage and operate the Debtor’s business, retain professionals, collect monies owed, and execute documents relating to the property.\"},{\"question\":\"How can the Receiver sell or dispose of the property?\",\"answer\":\"The Receiver may market and dispose of property out of the ordinary course with specified limits, requiring court approval when the purchase price or aggregate purchase price exceeds the amounts set out in the order.\"}]","MODEL RECEIVERSHIP ORDER - Appointment - Receiver’s Powers | DOCX"]