Bill Summary for S 364 (2019-2020)
Apr 16 2019
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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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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.