State Codes and Statutes

Statutes > New-jersey > Title-15a > Section-15a-14 > 15a-14-3

15A:14-3.  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 received  by any of them;  and

    (c) the powers and rights conferred upon them may be exercised by a majority  of them.

     L.1983, c. 127, s. 15A:14-3, eff. Oct. 1, 1983.