2018 New Jersey Revised Statutes
Title 14A - CORPORATIONS, GENERAL
Chapter 14
Section 14a:14-3 - Multiple receivers

Universal Citation: NJ Rev Stat § 14a:14-3 (2018)

Section: 14A:14-3: Multiple receivers

When more than one receiver of a corporation is appointed,

(a) the provisions of this chapter applicable to one receiver shall be applicable to all;

(b) the debts and property of the corporation may be collected and received by any of them; and

(c) the powers and rights conferred upon them may be exercised by a majority of them.

L.1968, c.350.

Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.