17:3A-2 - Application during liquidation for order to destroy records, etc.; notice of application; publication; order for destruction - New Jersey Statutes

17:3A-2.  Application during liquidation for order to destroy records, etc.;   notice of application;  publication;  order for destruction
    At any time during the liquidation of a corporation, the liquidator may apply to the Superior Court for an order authorizing the destruction of such of  the records, documents and other papers of the corporation, excluding those  relating to the liquidation, which, in the opinion of the liquidator, it is  unnecessary further to preserve or retain.  The court may, in its discretion,  order that notice of the application be advertised not less than once a week  for three successive weeks, in a newspaper published in the municipality in  which the corporation maintained its principal office, or, if there be no such  newspaper, then in one published in the county in which such principal office  was maintained, or in an adjoining county, and which has a general circulation  in such municipality.  If the court is satisfied that no rights will be  adversely affected by the destruction of such records, documents and other  papers, and that their further preservation or retention is unnecessary, it may  make an order authorizing the liquidator to destroy them.

     L.1948, c. 266, p. 1157, s. 2.