The character and position of receivers have been thus described by a recent writer:

"A receiver is a person standing indifferent between the parties, appointed by the court as a quasi-officer or representative of the court, to hold, manage, control, and deal with the property which is the subject-matter of or involved in the controversy, under the direction of the court, during the continuance of the litigation, either where there is no person entitled competent to thus hold it, as for example, in the case of an infant, or in the interval before an executor or administrator of a deceased owner is appointed; or where two or more litigants are equally entitled, but it is not just and proper that either of them should retain it under his control, - as, for example, in some suits between partners; or where a person is legally entitled, but there is danger of his misapplying or misusing it, as for example, in some suits against an executor or administrator, or, under some particular circumstances, in suits for the enforcement of a mortgage; or he is appointed in like manner and under like circumstances for the purpose of carrying into effect a decree of the court concerning the property, - as, for example, a decree for winding up and settlement of a corporation, or the decree in a creditor's suit." 2

2 Pomeroy on Equity Jurisprudence, Sec. 1330.