N.J.S.A. 15A:14-4

Title to corporate property and franchises

15A:14-4. Title to corporate property and franchises a. Upon appointment, the receiver shall become vested with the title to all the property of the corporation, of every nature, including its franchises. b. For the purpose of avoiding encumbrances, transfers and preferences, the right and title of a receiver shall relate back to the date upon which the receivership action commenced. L.1983, c. 127, s. 15A:14-4, eff. Oct. 1, 1983.

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This is the verbatim text of N.J.S.A. 15A:14-4, 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:14-4 — Title to corporate property and franchises | Kyzer