Bill Summary for S 364 (2019-2020)

Summary date: 

Apr 16 2019

Bill Information:

View NCGA Bill Details2019-2020 Session
Senate Bill 364 (Public) Filed Tuesday, March 26, 2019
AN ACT TO ENACT THE NORTH CAROLINA COMMERCIAL RECEIVERSHIP ACT; REPEAL CORRESPONDING ASSIGNMENTS FOR THE BENEFIT OF CREDITOR STATUTES; AND MAKE AN ACTION FOR THE APPOINTMENT OF A GENERAL RECEIVER FOR CERTAIN BUSINESS ENTITY DEBTORS A MANDATORY COMPLEX BUSINESS CASE, AS RECOMMENDED BY THE NORTH CAROLINA BAR ASSOCIATION.
Intro. by Bishop.

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Bill summary

Senate committee substitute makes the following changes to the 1st edition.

Adds individual to the defined terms applicable to proposed Article 38A, NC Receivership Act, of GS Chapter 1.

Makes technical changes to the proposed changes to GS 7A-249 to correct the title of GS Chapter 57D.

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