New Jersey § 42:3-21
Full text of New Jersey New Jersey Statutes § 42:3-21, with citation guidance and answers to common questions.
§ 42:3-21.
The receivers appointed under authority of section 42:3-20 of this Title, shall have full power and authority to demand, sue for, collect, receive
and take into their possession all the property, both real and personal of every description,
belonging to the association, and to sue for the recovery of any estate, property,
damages or demands existing in favor of the association. The receivers may, in their discretion, compound and settle with any debtor or creditor
of the association, or with persons having possession of its property or responsible
to the association at the time of its expiration or dissolution or afterwards, upon
such terms as such receivers shall deem just and beneficial to the association. The receivers may, in the case of mutual dealings between the association and any
person, allow just set-offs in favor of such person where the same ought to be allowed. The receivers shall also have power and authority to do all other acts which might
be done by the association if in being, and that may be necessary for the final settlement
of the unfinished business of the association.
Frequently Asked Questions About New Jersey § 42:3-21
What does New Jersey Statutes § 42:3-21 cover?
Section 42:3-21 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 § 42:3-21?
A common citation format is "New Jersey Statutes § 42:3-21" (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 § 42:3-21 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.