State Codes and Statutes

Statutes > New-jersey > Title-2a > Section-2a-17 > 2a-17-67

2A:17-67.  Powers and duties of receiver
    The receiver so appointed shall be vested with the title to the said rights  and credits and shall have authority to receive and take into possession the  remaining property specified in section 2A:17-65 of this title.  The receiver  shall liquidate by sale or otherwise, pursuant to the order of the court, and  apply the same in payment of the judgment against the judgment debtor, the  costs of the proceedings thereon and his reasonable compensation, to be taxed  by the court, and pay the residue into the court in which the judgment was  recovered or docketed, for disposal according to law.

    The court shall order the judgment debtor to convey and deliver to such receiver all the property and rights in action and the evidence thereof. The receiver may sue or take proper judicial proceedings, in his own name as receiver, against any person to obtain such recovery or relief as defendant would be entitled to if no execution had issued.
L.1951 (1st SS), c.344.