State Codes and Statutes

Statutes > New-jersey > Title-2a > Section-2a-17 > 2a-17-75

2A:17-75.  Application of debts due to corporation in satisfaction of execution;  delivery and assignment to execution officer
    If any officer, holding an execution against a corporation, shall be unable  to find other property belonging to the corporation liable to execution, either  he or the judgment creditor may elect to satisfy such execution, in whole or in  part, by any debts due to the corporation, in which case the agent or person  having custody of any evidences of such debts shall deliver the same to the  officer holding the execution, for the use of the creditor.  Such a delivery,  with a transfer in writing to the officer, for the use of the creditor, and  notice to the debtor, shall be a valid assignment thereof.

    Any such agent or person who neglects or refuses to comply with the provisions of this section shall himself be liable to pay to the execution creditor the amount due upon the execution with costs.
 
L.1951 (1st SS), c.344.
 

State Codes and Statutes

Statutes > New-jersey > Title-2a > Section-2a-17 > 2a-17-75

2A:17-75.  Application of debts due to corporation in satisfaction of execution;  delivery and assignment to execution officer
    If any officer, holding an execution against a corporation, shall be unable  to find other property belonging to the corporation liable to execution, either  he or the judgment creditor may elect to satisfy such execution, in whole or in  part, by any debts due to the corporation, in which case the agent or person  having custody of any evidences of such debts shall deliver the same to the  officer holding the execution, for the use of the creditor.  Such a delivery,  with a transfer in writing to the officer, for the use of the creditor, and  notice to the debtor, shall be a valid assignment thereof.

    Any such agent or person who neglects or refuses to comply with the provisions of this section shall himself be liable to pay to the execution creditor the amount due upon the execution with costs.
 
L.1951 (1st SS), c.344.
 

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State Codes and Statutes

Statutes > New-jersey > Title-2a > Section-2a-17 > 2a-17-75

2A:17-75.  Application of debts due to corporation in satisfaction of execution;  delivery and assignment to execution officer
    If any officer, holding an execution against a corporation, shall be unable  to find other property belonging to the corporation liable to execution, either  he or the judgment creditor may elect to satisfy such execution, in whole or in  part, by any debts due to the corporation, in which case the agent or person  having custody of any evidences of such debts shall deliver the same to the  officer holding the execution, for the use of the creditor.  Such a delivery,  with a transfer in writing to the officer, for the use of the creditor, and  notice to the debtor, shall be a valid assignment thereof.

    Any such agent or person who neglects or refuses to comply with the provisions of this section shall himself be liable to pay to the execution creditor the amount due upon the execution with costs.
 
L.1951 (1st SS), c.344.
 

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