§ 1-507.47. Abandonment of property.
48 words·~1 min read·
/nc/chapter-1/1-507-47A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1-507.47. Abandonment of property.
With court approval, the receiver may abandon any receivership property that is burdensome or is not of material value to the receivership. Property that is abandoned is no longer receivership property and not subject to the provisions of this Article. (2020-75, s. 1.)