Maryland Motion for Appointment of Special Master Receiver to Dissolve Partnership, Dispose of Assets and Settle all Affairs as to Assets and Liabilities is a legal document filed in Maryland courts when a partnership wishes to dissolve and liquidate its assets in an orderly manner under the guidance of a court-appointed receiver known as a special master. This motion seeks the appointment of a special master who will oversee the dissolution process, ensure the equitable distribution of assets, settle any outstanding liabilities, and conclude any remaining affairs related to the partnership's assets and obligations. Keywords: Maryland, motion, appointment, special master receiver, dissolve partnership, dispose of assets, settle affairs, liabilities. Types of Maryland Motion for Appointment of Special Master Receiver to Dissolve Partnership, Dispose of Assets and Settle all Affairs as to Assets and Liabilities: 1. Motion for Appointment of Special Master Receiver: This type of motion is filed by one or more partners seeking the appointment of a special master receiver by the court to oversee the dissolution process, asset disposal, and settlement of liabilities. 2. Motion to Dissolve Partnership: Prior to filing the comprehensive motion for the appointment of a special master receiver, partners may first need to file a separate motion seeking the dissolution of the partnership. This motion formally requests the termination of the partnership's legal existence. 3. Motion for Asset Disposal: In cases where partners are unable to agree on the distribution of assets, a separate motion can be filed to request the court's intervention in determining how the assets should be disposed of. This motion aims to ensure a fair and equitable distribution of the partnership's assets. 4. Motion to Settle Liabilities: When a partnership is dissolved, there may be outstanding debts and obligations that need to be settled. This motion is filed to request the court's assistance in resolving and concluding all liabilities of the partnership before the final dissolution is completed. 5. Motion to Settle Affairs as to Assets and Liabilities: This motion seeks to address any remaining matters related to the partnership's assets and liabilities that were not covered in previous motions. It aims to provide a comprehensive resolution to all administrative, financial, and legal aspects of the partnership's affairs. These various types of motions may be filed either separately or collectively based on the specific circumstances and requirements of the partnership seeking dissolution. The appointment of a special master receiver ensures an impartial and knowledgeable party oversees the dissolution process, protecting the interests of all parties involved while facilitating an efficient and equitable resolution.
Maryland Motion for Appointment of Special Master Receiver to Dissolve Partnership, Dispose of Assets and Settle all Affairs as to Assets and Liabilities
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The role of the special master (who is frequently, but not necessarily, an attorney) is to supervise those falling under the order of the court to make sure that the court order is being followed, and to report on the activities of the entity being supervised in a timely matter to the judge or the judge's designated ...
Parties Can Agree to Use a Special Master Using a Stipulation and Order, the parties agree on the person they will use as a special master. The parties decide what issues the special master has the power to resolve.
As a magistrate judge, Young was a salaried officer of the court?but special masters not on a court's payroll are paid for by the parties to the case. In fact, parties prepay for special masters in most cases, subject to repayment by the losing party if the judge decides to reallocate those costs.
Rule 53 allows for a special master to be appointed only if one of the following exists: (1) the parties consent to the appointment, (2) to hold a trial without a jury or make recommended findings of fact where there is some exceptional condition or accounting or difficult computation of damages, or (3) address pre- ...
In U.S. v. Microsoft, Judge Jackson appointed Lawrence Lessig as a special master (as an amicus curiae) to advise the court about technical issues, and to investigate certain claims, such as Microsoft's assertion that removing Internet Explorer from the Windows operating system would make the system slower.
Judges appointed special masters in about 60% of these cases, that is, in fewer than 2 cases in 1,000 (0.2%).