Administrative receivership still forms part of modern insolvency practice. Lionel avoided bankruptcy and emerged from receivership the next year. By 1922, Lincoln fell on the verge of bankruptcy and was placed in receivership. In involuntary administrative receivership, the administrator is appointed by a judicial court. In voluntary administrative receivership, the administrator is appointed by the company directors. In 1990, Kaiser bought Bank of Oklahoma out of Federal Deposit Insurance Corporation receivership. The entity survived until 1934 when it went into receivership, and ceased to exist. The divorce suit forced Poro College into a court-ordered receivership. McKenzie seized mining claims with an unlawfully procured receivership granted by Judge Noyes. Cannon went into financial receivership soon afterwards. Operations resumed in January 1983 under receivership. Two of the 16 commercial banks were taken into receivership. The Commonwealth of Massachusetts enacted special legislation to place Chelsea into receivership. Nevertheless, the company continued its operations through re-organization and receivership. The entire company ended up in receivership.