New Jersey § 14a:14-24
Full text of New Jersey New Jersey Statutes § 14a:14-24, with citation guidance and answers to common questions.
§ 14a:14-24.
(1) A corporation shall have the power to do any act required or permitted by a plan
of reorganization in order to put such plan in effect according to its terms. (2) The power conferred by subsection (1) of this section shall be exercised by the
trustee or trustees, or other person or persons acting in similar capacities, appointed
in the reorganization proceeding resulting in the plan of reorganization, or, if none
be then acting, by any other person or persons designated or appointed for such purpose
in such organization proceeding, or, if no such other person or persons be then acting,
by an officer or officers of the corporation. (3) The exercise of the power to put in effect a plan of reorganization by those designated
in subsection (2) of this section shall have the same effect as if done with the unanimous
consent of the directors and the shareholders.
Frequently Asked Questions About New Jersey § 14a:14-24
What does New Jersey Statutes § 14a:14-24 cover?
Section 14a:14-24 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:14-24?
A common citation format is "New Jersey Statutes § 14a:14-24" (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:14-24 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.