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Motion for Appointment of Special Master Receiver to Dissolve...
Plano Texas 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.
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Interesting Questions
Absolutely! Partners can contest the motion if they believe it’s unnecessary or if they have a different solution in mind for the partnership’s issues.
Yes, when partnerships face serious issues, going through this process is a common way to resolve conflicts and legal responsibilities.
The Special Master Receiver steps in to manage the assets, ensuring everything is handled fairly, and to help settle the financial matters between the partners.
Disposing of assets means selling or transferring ownership of property or items that belong to the partnership to settle debts or divide what's left.
Partnerships can go sour for many reasons, like disagreements among partners or financial troubles. Dissolving the partnership helps to settle things fairly.
It's a legal request asking the court to appoint someone to manage a partnership's assets and affairs when there’s a dispute or trouble within the partnership.
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Plano Texas 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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