United States — North Carolina
§ 1-505. Sale of property in hands of receiver.
1 provisions
Certain judges may order the sale of property held by a receiver in cases already pending before the court.
Act or statute Open & Chat
United States — North Carolina Statutes
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United States — North Carolina
§ 1-506. (Repealed)
1 provisions
This section was repealed.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 20. Short title; definitions.
1 provisions
This section gives the article’s short title and defines key terms used throughout the article.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 21. Applicability of Article and of common law.
1 provisions
This section says when the Article applies to receiverships, lists exclusions, limits receivers from seizing non-receivership property, and preserves certain filing rights.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 22. Powers of the court.
1 provisions
The appointing court has exclusive authority over the receiver and disputes about the receivership and receivership property.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 23. Types of receiverships.
1 provisions
A receivership can be limited or general, and certain lien-based receiverships must be limited.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 24. Appointment of receivers; receivership not a trust.
1 provisions
This section says when a receiver may be appointed, who may appoint one, and when notice or special handling is required.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 25. Eligibility of receiver.
1 provisions
A court may appoint a receiver only after making written findings that the proposed receiver is qualified and independent, and interested people may give relevant information.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 26. Bond.
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After appointment, a receiver must post a bond on terms the court sets; the court may let the receiver act before the bond is posted.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 27. Defenses and immunities; discovery.
1 provisions
A receiver gets state-law defenses and immunities for acts within the scope of the appointment, cannot be sued personally for administering receivership property without the judge’s approval, and may be discovered only after an order authorizing discovery.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 28. Powers and duties of receivers.
1 provisions
A receiver has specified powers over receivership property and must follow court orders, avoid conflicts, and not take undisclosed value or interests from the property.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 29. Receiver as lien creditor; real estate recording; subsequent sales of real estate.
1 provisions
A receiver gets lien-creditor priority at appointment, but must record a lis pendens for real estate as soon as practicable.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 30. Duties of debtor.
1 provisions
The debtor must cooperate with the receiver, turn over receivership property and related records on demand, provide requested information, and remain responsible for filing tax returns, unless the court orders otherwise.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 31. Employment and compensation of professionals.
1 provisions
The receiver may hire certain professionals to help carry out the receiver’s duties, and compensation and retention notices are governed by filing, notice, and approval rules.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 32. Schedules of property and claims.
1 provisions
The court must order the debtor or general receiver to file sworn schedules, and may also order inventories and appraisals.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 33. Notice.
1 provisions
A receiver in a general receivership must notify known creditors and other known interested parties by first-class mail within 30 days after appointment, unless the court orders otherwise.
Notice Open & ChatUnited States — North Carolina
§ 1-507. 34. Notices; motions; orders.
1 provisions
This section sets notice, service, and filing rules in a receivership.
Order Open & ChatUnited States — North Carolina
§ 1-507. 35. Records; interim reports; status hearings.
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The receiver must keep business records, may have to share them under court order, and must give notice of status hearings to people on the master service list.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 36. Removal of receivers.
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The court may remove a receiver for specified reasons, must appoint a successor receiver if further administration is needed, and the removed receiver must file and serve a report within 30 days after removal.
Act or statute Open & ChatUnited States — North Carolina
§ 1-507. 37. Termination of receiverships; final report.
1 provisions
This section says when a receiver can be discharged, how the receiver must file a final report, and how notice and bond return work after discharge.
Act or statute Open & Chat