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Motion for Appointment of Special Master Receiver to Dissolve...
Memphis Tennessee Motion for Appointment of Special Master Receiver to Dissolve Partnership, Dispose of Assets and Settle all Affairs as to Assets and Liabilities
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.
The timeline can vary widely—some dissolutions take a few months, while others can drag on for over a year, depending on the complexity of the situation.
The special master acts like a referee, overseeing the sale of assets, managing the partnership’s affairs, and making sure everything is fair and above board.
Yes, a partner can contest the appointment, but they would need valid reasons for doing so, such as showing that the appointment isn’t in the best interest of the partnership.
When the partnership dissolves, the assets are typically sold off or divided among the partners to settle any debts and claims.
A partnership might want to dissolve if there are too many disagreements, financial troubles, or if the original goals are no longer being met.
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Memphis Tennessee Motion for Appointment of Special Master Receiver to Dissolve Partnership, Dispose of Assets and Settle all Affairs as to Assets and Liabilities
Motion for Appointment of Special Master Receiver to Dissolve Partnership, Dispose of Assets and Settle all Affairs as to Assets and Liabilities
Legal definition
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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