Krauth v. First Continental Dev-Con, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that the Uniform Partner ship Act has made the statutory charging order the only means by which a judgment creditor can legally demand payment from a debtor’s partnership interest
• providing that “where unsecured judgment creditors are concerned, the first to apply to a court of proper jurisdiction for a [ ] charging order has priority”
• “The charging order is a flexible court-supervised substitute for the more disruptive process of execution by the sheriff.”
• “statutory charging order [is] the only means by which a judgment creditor can legally command payment from the debtor’s partnership interest”
• “The charging order is a flexible court-supervised substitute for the more disruptive process of execution by the sheriff”
• priority is fixed between unsecured judgment creditors at time charging order is issued

Source: CourtListener parenthetical corpus (CC0).