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NEW JERSEY STATUTES AND CODES
15A:14-3 - Multiple receivers
15A: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.1983, c. 127, s. 15A:14-3, eff. Oct. 1, 1983.
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.1983, c. 127, s. 15A:14-3, eff. Oct. 1, 1983.
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