14A:14-3 - Multiple receivers
14A:14-3.Ā 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 receivedĀ by any of them;Ā and
(c) the powers and rights conferred upon them may be exercised by a majority of them.
Ā
L.1968, c.350.
Ā
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 receivedĀ by any of them;Ā and
(c) the powers and rights conferred upon them may be exercised by a majority of them.
Ā
L.1968, c.350.
Ā