North Carolina General Statutes 1-507.47. Abandonment of property
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Terms Used In North Carolina General Statutes 1-507.47
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
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.)