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Motion for Appointment of Special Master Receiver to Dissolve...
Raleigh North Carolina 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
It can vary quite a bit, depending on the complexity of the situation. Sometimes it’s a quick tidy-up, and other times it may feel like spring cleaning that takes forever.
Yes, partners can challenge the motion, but they will need strong reasons. It’s like trying to argue against a referee's call; you better have your facts lined up!
The special master receiver will evaluate the assets and figure out the best way to either sell, divide, or otherwise deal with them, like sorting through a big box of old items to find treasures.
Dissolving a partnership means officially ending the business relationship between partners, sort of like deciding to go your separate ways after a long journey together.
You might need it when partners in a business can’t agree on how to run things or split assets. It’s a way to resolve the mess without all parties pulling their hair out.
A motion like this asks the court to appoint someone to take control of a partnership's assets and help settle any debts and disputes. It's kind of like having a referee in a complicated game.
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Raleigh North Carolina 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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