N.C. Gen. Stat. § 1-502
In what cases appointed
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
A receiver may be appointed in any of the following cases:
A receiver may be appointed in any of the following cases:
(1) Before judgment, on the application of either party, when the party establishes an apparent right to property that is the subject of the action and in the possession of an adverse party, and the property or its rents and profits are in danger of being lost or materially injured or impaired; a receiver, however, shall not be appointed in cases where judgment upon failure to answer may be had on application to the court.
(1) Before judgment, on the application of either party, when the party establishes an apparent right to property that is the subject of the action and in the possession of an adverse party, and the property or its rents and profits are in danger of being lost or materially injured or impaired; a receiver, however, shall not be appointed in cases where judgment upon failure to answer may be had on application to the court.
(2) After judgment, to carry the judgment into effect.
(2) After judgment, to carry the judgment into effect.
(3) After judgment, to dispose of the property according to the judgment, or to preserve it during the pendency of an appeal, or when an execution has been returned unsatisfied, and the judgment debtor refuses to apply the property in satisfaction of the judgment.
(3) After judgment, to dispose of the property according to the judgment, or to preserve it during the pendency of an appeal, or when an execution has been returned unsatisfied, and the judgment debtor refuses to apply the property in satisfaction of the judgment.
(4) In cases provided in G.S. 1-507.1 and in similar cases, regarding property within this State of foreign corporations.
(4) Repealed by Session Laws 2021-93, s. 2, effective July 22, 2021.
(5) In cases where restitution is sought for violations of G.S. 75-1.1.
(5) In cases where restitution is sought for violations of G.S. 75-1.1.
(6) In cases involving partition of real property, pursuant to G.S. 46A-28.
(6) In cases involving partition of real property, pursuant to G.S. 46A-28.
The provisions of Part 2 of Article 38 of Chapter 1 of the General Statutes apply to the appointment of a receiver of a corporation under this section.
History
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.