{"data":{"id":"us-nc/n.c.-gen.-stat.-1-507.36","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 1-507.36","heading":"Removal of receivers.","body":"(a)\tRemoval of Receiver. - The court may remove the receiver if: (i) the receiver fails to execute and file the bond required by G.S. 1-507.26; (ii) the receiver dies, resigns, refuses, or fails to serve for any reason; or (iii) for other good cause.\n(b)\tSuccessor Receiver. - Upon removal of the receiver, if the court determines that further administration of the receivership is required, the court shall appoint a successor receiver. Upon executing and filing a bond under G.S. 1-507.26, the successor receiver shall immediately succeed the removed receiver and shall assume the duties of receiver.\n(c)\tReport and Discharge of Removed Receiver. - Within 30 days after removal, the removed receiver shall file with the court and serve a report pursuant to G.S. 1-507.35, for matters up to the date of the removal. Upon approval of the report, the court may enter an order pursuant to G.S. 1-507.37 discharging the removed receiver. (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_1-507.36.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:54:12Z","sha256":"0edc8afe454db42dbd1a3e1b2e65e64734ade3a7bf08cac7564bd9732b35d714","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-1-507.35","next":"us-nc/n.c.-gen.-stat.-1-507.37"},"notice":"GroundRules: Original legal text. Not legal advice."}