NC General Statutes

N.C. Gen. Stat. § 1-502 (2026)

In what cases appointed

✓ current as of July 2026

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A receiver may be appointed in any of the following cases:

(1) Before judgment, on the application of either party, when the party establishes an apparent right to property that is the subject of the action and in the possession of an adverse party, and the property or its rents and profits are in danger of being lost or materially injured or impaired; a receiver, however, shall not be appointed in cases where judgment upon failure to answer may be had on application to the court.

(2) After judgment, to carry the judgment into effect.

(3) After judgment, to dispose of the property according to the judgment, or to preserve it during the pendency of an appeal, or when an execution has been returned unsatisfied, and the judgment debtor refuses to apply the property in satisfaction of the judgment.

(4) Repealed by Session Laws 2021-93, s. 2, effective July 22, 2021.

(5) In cases where restitution is sought for violations of G.S. 75-1.1.

(6) In cases involving partition of real property, pursuant to G.S. 46A-28. (C.C.P., s. 215; 1876-7, c. 223; 1879, c. 63; 1881, c. 51; Code, s. 379; Rev., s. 847; C.S., s. 860; 1955, c. 1371, s. 3; 1973, c. 614, s. 3; 1981, c. 584, s. 2; 2020-23, ss. 6, 9; 2021-93, s. 2.)

Notes of Decisions

Cited in 27 cases (3 in the last 5 years), 1947–2025 · leading case: Haarhuis v. Cheek, 820 S.E.2d 844 (N.C. Ct. App. 2018).

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Haarhuis v. Cheek, 820 S.E.2d 844 (N.C. Ct. App. 2018). · cites it 18× “N.C. Gen. Stat. § 1-502 specifies when a receiver may be appointed.”

Williams v. Liggett, 440 S.E.2d 331 (N.C. Ct. App. 1994). · cites it 12× “Plaintiff also filed an application and motion for the immediate appointment of a receiver under N.C.G.S. § 1-502 and for a preliminary injunction.”

Barnes v. Kochhar, 633 S.E.2d 474 (N.C. Ct. App. 2006). · cites it 2× “North Carolina General Statutes § 1-502 (2005) states, in applicable part, A receiver may be appointed— (1) Before judgment, on the application of either party, when he establishes an apparent right to property which is the subject of the action and in the possession of an…”

Maloney v. All. Dev. Grp., L.L.C., 2006 NCBC 11 (N.C. Bus. Ct. 2006). · cites it 12× “) {29} Maloney is seeking the appointment of a receiver under N.C.G.S. § 1-502 (2006) and N.C.G.S. § 39-23.”

Johnston v. Johnston Props., Inc., 2018 NCBC 118 (N.C. Bus. Ct. 2018). · cites it 6× “Plaintiff seeks appointment of a receiver to take possession of and preserve Johnston Properties’ assets pursuant to both section 55-14-32 and section 1-502(1) of the North Carolina General Statutes.”

Lowder v. All Star Mills, Inc., 273 S.E.2d 247 (N.C. 1981). “There is no requirement in the statutes, either in the provisions governing the appointment of receivers, G.S. 1-502, 1-507 et. seq., or in the provisions governing derivative shareholder suits, G.”

Wachovia Bank & Trust Co v. Carrington Dev. Assocs., 459 S.E.2d 17 (N.C. Ct. App. 1995). · cites it 2× “N.C. Gen Stat. § 1-502(1) (1983) states, in part, that a receiver may be appointed: Before judgment, on the application of either party, when he establishes an apparent right to property which is the subject of *489 the action and in the possession of an adverse party, and the…”

Nat'l Sur. Corp. v. Sharpe, 72 S.E.2d 109 (N.C. 1952). “Under G.S. 1-502, the statutes embodied in G.S.”

Couch v. ADC Realty Corp., 268 S.E.2d 237 (N.C. Ct. App. 1980). · cites it 2× “G.S. 1-502 provides in part: A receiver may be appointed — (1) Before judgment, on the application of either party, when he establishes an apparent right to property which is the subj ect of the action and in the possession of an adverse party, and the property or its rents and…”

Murphy v. Murphy, 134 S.E.2d 148 (N.C. 1964). “By statute and under general equitable principles a receiver may be appointed before judgment when plaintiff establishes an apparent right to /specific property which is the subject of the .”

Piedmont Venture Partners, L.P. & Piedmont Venture Partners II, L.P. by & Through William E. Ray, Liquidator v. Deloitte & Touche, L.L.P., 2007 NCBC 6 (N.C. Bus. Ct. 2007). · cites it 3× “N.C.G.S. § 1-502(4) (2006) 5 The case pending in the Bankruptcy Court is styled Piedmont Ventures Partners, L.”

Nat'l Sur. Corp. v. Sharpe, 59 S.E.2d 593 (N.C. 1950). “The statute now codified as G.S. 1-502 stipulates that “the article Receivers, in the chapter entitled Corporations,” i.”

Show all 27 citing cases →

— N.C. Gen. Stat. § 1-502(1) — 5 cases

Williams v. Liggett, 440 S.E.2d 331 (N.C. Ct. App. 1994). “Plaintiff also filed an application and motion for the immediate appointment of a receiver under N.C.G.S. § 1-502 and for a preliminary injunction.”

Johnston v. Johnston Props., Inc., 2018 NCBC 118 (N.C. Bus. Ct. 2018). “Plaintiff seeks appointment of a receiver to take possession of and preserve Johnston Properties’ assets pursuant to both section 55-14-32 and section 1-502(1) of the North Carolina General Statutes.”

Wachovia Bank & Trust Co v. Carrington Dev. Assocs., 459 S.E.2d 17 (N.C. Ct. App. 1995). “N.C. Gen Stat. § 1-502(1) (1983) states, in part, that a receiver may be appointed: Before judgment, on the application of either party, when he establishes an apparent right to property which is the subject of *489 the action and in the possession of an adverse party, and the…”

Hardin v. Lewis, 2016 NCBC 55 (N.C. Bus. Ct. 2016).

Bandy v. a Perfect Fit for You, Inc., 2018 NCBC 21 (N.C. Bus. Ct. 2018).

— N.C. Gen. Stat. § 1-502(2) — 3 cases

Southland Nat'l Ins. Corp. v. Lindberg (N.C. Ct. App. 2025).

Chisum v. Campagna (N.C. 2021).

— N.C. Gen. Stat. § 1-502(3) — 2 cases

Haarhuis v. Cheek, 820 S.E.2d 844 (N.C. Ct. App. 2018). “N.C. Gen. Stat. § 1-502 specifies when a receiver may be appointed.”

Doxol Gas of Angier, Inc. v. Howard, 220 S.E.2d 203 (N.C. Ct. App. 1975).

— N.C. Gen. Stat. § 1-502(4) — 1 case

Piedmont Venture Partners, L.P. & Piedmont Venture Partners II, L.P. by & Through William E. Ray, Liquidator v. Deloitte & Touche, L.L.P., 2007 NCBC 6 (N.C. Bus. Ct. 2007). “N.C.G.S. § 1-502(4) (2006) 5 The case pending in the Bankruptcy Court is styled Piedmont Ventures Partners, L.”

— N.C. Gen. Stat. § 1-502(5) — 1 case

Blue Ridge Pediatric & Adolescent Med., Inc. v. First Colony Healthcare, LLC, 2012 NCBC 51 (N.C. Bus. Ct. 2012).

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