§ 57D-5-01 Nature of ownership interest
§ 57D-5-02 Transfer of economic interests
§ 57D-5-03 Rights of judgment creditor
§ 57D-5-04 Certain rights and liabilities of economic interest owners and transferors of ownership interests
§ 57D-5-05 No right to voluntarily withdraw capital or terminate obligations
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Terms Used In North Carolina General Statutes > Chapter 57D > Article 5 - Transfer of Ownership Interests; Withdrawal

  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.