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New Jersey Statutes, Title: 15A, CORPORATIONS, NONPROFIT
Chapter 14:
Section: 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.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 15a:14-3 (if available):
Court decisions that cite this statute:
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