Court Of Chancery Outlines Custodian Immunity

Jepsco Ltd. v. B.F. Rich Co. Inc,. C.A. 7343-VCP (February 14, 2013)

The liability of a custodian or receiver for a dissolving corporation is not clear.  Judicial immunity does protect him from many claims, but as this decision points out, not from all claims.  The discussion of what claims are or are not barred by immunity is particularly helpful for anyone assuming the role of a custodian or receiver.

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