New Jersey § 14a:14-15
Full text of New Jersey New Jersey Statutes § 14a:14-15, with citation guidance and answers to common questions.
§ 14a:14-15.
(1) The receiver shall, within 30 days following the date of his appointment, give notice requiring all creditors to present their claims in writing. Such notice shall be published twice, once in each of two consecutive weeks, in
a newspaper of general circulation in the county in which the registered office of
the corporation is located and shall state that all persons who are creditors of the
corporation shall present written proof of their claims, under oath, to the receiver at a place and on or before a date named in the notice, which date
shall not be less than 6 months after the date of the first publication. By order of the Superior Court, the time for giving such notice to creditors and the
time within which creditors shall be required to file proofs of claim may be extended
or limited, or the giving of such notice to creditors may be entirely excused. (2) Any creditor who does not file his claim as provided in the notice given pursuant
to subsection 14A:14-15(1), and all those claiming through or under him, shall be
forever barred from suing on such claim or otherwise realizing upon or enforcing it
except, in the case of a creditor who shows good cause for not having previously filed
his claim, to such extent as the Superior Court may allow (a) against the corporation to the extent of any undistributed assets; or (b) if the undistributed assets are not sufficient to satisfy such a claim, against
a shareholder to the extent of his ratable part of such claim, out of the assets of
the corporation distributed to him in liquidation or dissolution. (3) On or before the date of the first publication of the notice as provided in subsection
(1) of this section, the receiver shall mail a copy of the notice to each known creditor
of the corporation. The giving of such notice shall not constitute recognition that any person to whom
such notice is directed is a creditor of the corporation other than for the purpose
of receipt of notice hereunder. (4) Proof of the publication and mailing required by this section shall be made by an
affidavit filed in the office of the Clerk of the Superior Court.
Frequently Asked Questions About New Jersey § 14a:14-15
What does New Jersey Statutes § 14a:14-15 cover?
Section 14a:14-15 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 14a:14-15?
A common citation format is "New Jersey Statutes § 14a:14-15" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 14a:14-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.