14A:14-3. Multiple receivers
59 words·~1 min read·
/nj/title-14a/chapter-14/14a-14-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.