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