Source : Webster's Revised Unabridged Dictionary (1913)

Receivership \Re*ceiv"er*ship\, n.
   The state or office of a receiver.

Source : WordNet®

receivership
     n 1: the state of property that is in the hands of a receiver;
          "the business is in receivership"
     2: a court action that places property under the control of a
        receiver during litigation so that it can be preserved for
        the benefit of all
     3: the office of a receiver