{"data":{"id":"us-nc/n.c.-gen.-stat.-1-507.23","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 1-507.23","heading":"Types of receiverships.","body":"A receivership may be either a limited receivership or a general receivership. Any receivership which is based upon the foreclosure or enforcement of a security agreement, judgment lien, mechanic's lien, or other lien pursuant to which the debtor or any holder of a lien would have a statutory right of redemption, shall be a limited receivership. If the order appointing the receiver does not specify whether the receivership is a limited receivership or a general receivership, the receivership shall be a limited receivership unless and until the court by later order designates the receivership as a general receivership, notwithstanding that pursuant to G.S. 1-507.24(i), a receiver may otherwise have control over all the property of the debtor. At any time, the court may order a general receivership to be converted to a limited receivership and a limited receivership to be converted to a general receivership. (2020-75, s. 1.)","path":["Chapter 1. Civil Procedure.","SUBCHAPTER XIII. PROVISIONAL REMEDIES.","Article 38A. North Carolina Commercial Receivership Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_1/GS_1-507.23.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:54:12Z","sha256":"9a7747ddcfcc61e220edf8658cd5353e75ff295846e834c59f12159cfa7685ec","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-1-507.22","next":"us-nc/n.c.-gen.-stat.-1-507.24"},"notice":"GroundRules: Original legal text. Not legal advice."}