What is the effect of a winding-up order requiring the receiver to seize all of appellant's bank accounts at the time of appointment?
California, United States of America
The following excerpt is from Santacroce Bros. v. Edgewater-Santa Clara Inc., 242 Cal.App.2d 584, 51 Cal.Rptr. 613 (Cal. App. 1966):
However, the order does by its terms direct and empower the receiver to seize all money which appellant had on hand or in bank accounts at the time of his appointment. 4 This portion of the order was improper and should be stricken. (Malsman v. Brandler, supra.)
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