N.J.S.A. 4:22-50.5

Termination of receivership

4:22-50.5. Termination of receivership The receiver, owner, or operator may make a motion to terminate the receivership on grounds that the conditions complained of have been eliminated or remedied. The court may immediately terminate the receivership, or terminate the receivership subject to the terms the court deems necessary or appropriate to prevent the condition complained of from recurring. L. 1986, c. 89, s. 5, eff. Aug. 14, 1986.

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This is the verbatim text of N.J.S.A. 4:22-50.5, 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. 4:22-50.5 — Termination of receivership | Kyzer