New Jersey § 15a:14-13
Full text of New Jersey New Jersey Statutes § 15a:14-13, with citation guidance and answers to common questions.
§ 15a:14-13.
a. Every lien against the property of a corporation shall be void if: (1) The lien is obtained by attachment, judgment, levy or other legal process; and (2) A receivership action against the corporation is commenced within 4 months after
the date on which the lien was obtained, or if the lien is obtained after the commencement
of the receivership action; and (3) The assets of the corporation are distributed in the receivership action. b. The property affected by any lien shall be discharged from the lien and shall pass
to the receiver, but the court may order that lien to be preserved for the benefit
of the corporation's creditors. The Superior Court may direct the conveyance of the property affected as may be
proper or adequate to evidence title thereto of the receiver. The title of a bona fide purchaser of the property shall be valid, but, if the title
is acquired otherwise than by a judicial sale held to enforce the lien, it shall be
valid only to the extent of the present consideration paid for the property.
Frequently Asked Questions About New Jersey § 15a:14-13
What does New Jersey Statutes § 15a:14-13 cover?
Section 15a:14-13 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 § 15a:14-13?
A common citation format is "New Jersey Statutes § 15a:14-13" (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 § 15a:14-13 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.