LegalFix
Sign In

Section 42:3-19 - Receiver for expired or dissolved association; application; summary hearing

NJ Rev Stat § 42:3-19 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

42:3-19. Receiver for expired or dissolved association; application; summary hearing

Any creditor or member of any limited partnership association which has expired by its own limitation, or been otherwise dissolved, or which shall so expire or be dissolved may, at any time after such expiration or dissolution in an action apply to the Superior Court for the appointment of a receiver or receivers for the association. The court upon such notice as it may direct, may proceed in a summary manner or otherwise.

Amended by L.1953, c. 40, p. 762, s. 9, eff. March 19, 1953.

Previous Section
Section 42:3-18 - Validity of deed made by trustees
Next Section
Section 42:3-20 - Designation or appointment of trustees or receivers