North Carolina § 1-507 - 53. Distributions.
Full text of North Carolina North Carolina General Statutes § 1-507 — 53. Distributions., with citation guidance and answers to common questions.
§ 1-507. 53. Distributions.
Proposed Distributions. - Before any interim or final distribution is made, the receiver shall file a distribution schedule listing the proposed distributions. The distribution schedule may be filed at any time during the receivership or may be included in the final report. Notice. - The receiver shall give notice of the filing of the distribution schedule to all persons on the master mailing list or that have filed claims. If there is no objection within 30 days after the notice, the court may enter an order authorizing the receiver to make the distributions described in the distribution schedule without the necessity of a hearing. Other Distributions. - In the order appointing the receiver or in subsequent orders, the court may authorize distributions of receivership property to persons with ownership interests or liens. History (2020-75, s. 1.) Editor's Note. - Session Laws 2020-75, s. 1, enacted this section as G.S. 1-507.52 . It was renumbered as G.S. 1-507.53 at the direction of the Revisor of Statutes.
Frequently Asked Questions About North Carolina § 1-507
What does North Carolina General Statutes § 1-507 cover?
Section 1-507 ("53. Distributions.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 1-507?
A common citation format is "North Carolina General Statutes § 1-507" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 1-507 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.