ULLCA503(d) Extinguishment By Satisfaction
Site.ULLCASection503dPayJudgment History
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EXTINGUISHMENT BY SATISFACTION OPINIONS
EXTINGUISHMENT BY SATISFACTION OPINIONS
This provision allows the judgment debtor to end the charging order without need for a hearing.
Paragraph (d) basically says that a debtor can avoid foreclosure of the charging order lien by paying off the judgment in full and filing with a court a certified copy of the satisfaction
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EXTINGUISHMENT BY SATISFACTION OPINIONS
(:title TEXT:) (:Summary: TEXT:) (:description TEXT:) (:keywords charging order, TEXT:)
(:title ULLCA503(d) Extinguishment By Satisfaction:) (:Summary: ULLCA503(d) Extinguishment By Satisfaction:) (:description ULLCA503(d) Extinguishment By Satisfaction:) (:keywords charging order, extinguish, extinguishment, satisfy, satisfaction, judgment, pay:)
Satisfaction Code ULLCASection503dPayJudgment
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(d) At any time before foreclosure under subsection (c), the member or transferee whose transferable interest is subject to a charging order under subsection (a) may extinguish the charging order by satisfying the judgment and filing a certified copy of the satisfaction with the court that issued the charging order.
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Reporter's Comment to Subsection (d)
This provision allows the judgment debtor to end the charging order without need for a hearing.
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JayNote
Paragraph (d) basically says that a debtor can avoid foreclosure of the charging order lien by paying off the judgment in full and filing with a court a certified copy of the satisfaction
TEXT OPINIONS
(:pagelist link=Category.Satisfaction list=normal fmt=title:)