N.J.S.A. 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.

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This is the verbatim text of N.J.S.A. 15A:14-3, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 15A:14-3 — Multiple receivers | Kyzer