North Carolina Motion for Appointment of Special Master Receiver to Dissolve Partnership, Dispose of Assets and Settle all Affairs as to Assets and Liabilities

• Category: Partnerships - General
• State: Multi-State
• Control #: US-MOT-01401
• Format: Word; Rich Text

Description

Defendant/Counter-Plaintiff files a motion for the appointment of a special master/receiver for the purpose of the dissolution of the partnership, disposition of assets, payment of liabilities, and settlement of partnership affairs. Since the dissolution, plaintiff/counter-defendant and defendant/counter-plaintiff had been unable to agree on the disposition of the partnership assets, liabilities, and settlement of its affairs. A North Carolina 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 used in cases where a partnership needs to be dissolved, assets need to be disposed of, and all matters pertaining to assets and liabilities require settlement. This motion seeks the appointment of a special master receiver, who will be granted the authority to oversee the dissolution process, asset disposal, and settlement of all financial obligations. In North Carolina, there are two main types of motions for the appointment of a special master receiver to dissolve a partnership and settle its affairs. These are: 1. Voluntary Motion for Appointment of Special Master Receiver: This type of motion is filed voluntarily by all partners involved in the partnership. It signifies a mutual agreement among the partners that the partnership needs to be dissolved and its affairs settled. The voluntary motion outlines the reasons for dissolution, the proposed plans for asset disposal, and requests the appointment of a special master receiver to facilitate the process effectively. The special master receiver will work towards ensuring equitable distribution of assets and the settlement of liabilities in accordance with applicable laws. 2. Involuntary Motion for Appointment of Special Master Receiver: An involuntary motion is filed when one or more partners seek the dissolution of the partnership against the wishes of other partners. This may occur due to irreconcilable differences, breaches of partnership agreements, fraudulent activities, or any other valid grounds for dissolution. In such cases, the partners filing the motion request the court to appoint a special master receiver to handle the dissolution process, asset disposal, and settlement of the partnership's affairs. The special master receiver will act as a neutral party, ensuring fairness and adherence to legal requirements throughout the process. Keywords: North Carolina, motion, appointment of special master receiver, dissolve partnership, dispose of assets, settle affairs, assets, liabilities, voluntary motion, involuntary motion. Please note that this is a general description and should not be considered legal advice. It is advisable to consult with an attorney experienced in North Carolina partnership law to obtain accurate and specific guidance regarding your particular case.

A North Carolina 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 used in cases where a partnership needs to be dissolved, assets need to be disposed of, and all matters pertaining to assets and liabilities require settlement. This motion seeks the appointment of a special master receiver, who will be granted the authority to oversee the dissolution process, asset disposal, and settlement of all financial obligations. In North Carolina, there are two main types of motions for the appointment of a special master receiver to dissolve a partnership and settle its affairs. These are: 1. Voluntary Motion for Appointment of Special Master Receiver: This type of motion is filed voluntarily by all partners involved in the partnership. It signifies a mutual agreement among the partners that the partnership needs to be dissolved and its affairs settled. The voluntary motion outlines the reasons for dissolution, the proposed plans for asset disposal, and requests the appointment of a special master receiver to facilitate the process effectively. The special master receiver will work towards ensuring equitable distribution of assets and the settlement of liabilities in accordance with applicable laws. 2. Involuntary Motion for Appointment of Special Master Receiver: An involuntary motion is filed when one or more partners seek the dissolution of the partnership against the wishes of other partners. This may occur due to irreconcilable differences, breaches of partnership agreements, fraudulent activities, or any other valid grounds for dissolution. In such cases, the partners filing the motion request the court to appoint a special master receiver to handle the dissolution process, asset disposal, and settlement of the partnership's affairs. The special master receiver will act as a neutral party, ensuring fairness and adherence to legal requirements throughout the process. Keywords: North Carolina, motion, appointment of special master receiver, dissolve partnership, dispose of assets, settle affairs, assets, liabilities, voluntary motion, involuntary motion. Please note that this is a general description and should not be considered legal advice. It is advisable to consult with an attorney experienced in North Carolina partnership law to obtain accurate and specific guidance regarding your particular case.