2009 New Jersey Code
TITLE 56 - TRADE NAMES, TRADE-MARKS AND UNFAIR TRADE PRACTICES
56:8
56:8-9 - Powers and duties of receiver

56:8-9.  Powers and duties of receiver     When a receiver is appointed by the court pursuant to this act, he shall have the power to sue for, collect, receive and take into his possession all the goods and chattels, rights and credits, moneys and effects, lands and tenements, books, records, documents, papers, choses in action, bills, notes and property of every description, derived by means of any practice declared to  be illegal and prohibited by this act, including property with which such property has been mingled, if it cannot be identified in kind because of such commingling, and to sell, convey, and assign the same and hold and dispose of the proceeds thereof under the direction of the court.  Any person who has suffered damages as a result of the use or employment of any unlawful practices  and submits proof to the satisfaction of the court that he has in fact been  damaged, may participate with general creditors in the distribution of the  assets to the extent he has sustained out-of-pocket losses.  In the case of a corporation, partnership or business entity the receiver shall settle the estate and distribute the assets under the direction of the court, and he shall  have all the powers and duties conferred upon receivers by the provisions of  Title 14, Corporations, General, so far as the provisions thereof are  applicable.  The court shall have jurisdiction of all questions arising in such  proceedings and may make such orders and judgments therein as may be required.

     L.1960, c. 39, p. 141, s. 9.