15A:12-21. Jurisdiction of the superior court
165 words·~1 min read·
/nj/title-15a/chapter-12/15a-12-21·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
At any time after a corporation has been dissolved in any manner, a creditor, as defined in subsection c. of section 15A:12-18, or a member of the corporation, or, where there are no members, a trustee of the corporation, or the corporation itself, may apply to the Superior Court for a judgment that the affairs of the corporation and the liquidation of its assets continue under the supervision of the court. The court shall have power to proceed in a summary manner or otherwise upon the application, and shall make orders and judgments as may be required including, but not limited to, the continuance of the liquidation of the corporation's assets by its officers and trustees under the supervision of the court, or the appointment of a receiver of the corporation, who shall be vested with all the powers provided in Chapter 14 to be exercised by receivers appointed to liquidate the affairs of a corporation.
L.1983, c. 127, s. 15A:12-21, eff. Oct. 1, 1983.