N.J.S.A. 42:3-24 — Application for injunctive relief and for receivers or trustees for insolvent association

42:3-24. Application for injunctive relief and for receivers or trustees for insolvent association Any creditor or member of any limited partnership association formed under authority of article one of this chapter (s. 42:3-1 et seq.) which has become or is or shall become insolvent, or which has or shall suspend its ordinary business for want of funds to carry on the same, or the business of which has been and is being conducted at a great loss, greatly prejudicial to the interest of its creditors or members, may in an action apply to the Superior Court for injunctive relief and the appointment of a receiver or receivers or trustee or trustees for the association. Amended by L.1953, c. 40, p. 763, s. 14, eff. March 19, 1953.

This is the verbatim text of N.J.S.A. 42:3-24, 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.