New Jersey § 14a:14-5
Full text of New Jersey New Jersey Statutes § 14a:14-5, with citation guidance and answers to common questions.
§ 14a:14-5.
Subject to the general supervision of the Superior Court and pursuant to specific
order where appropriate, a receiver shall have power to (a) take into his possession all the property of the corporation, including its books,
records and papers; (b) institute and defend actions by or on behalf of the corporation; (c) sell, assign, convey or otherwise dispose of all or any part of the property of
the corporation; (d) settle or compromise with any debtor or creditor of the corporation, including
any taxing authority; (e) summon and examine under oath, which he may administer, or by affirmation, any
persons concerning any matter pertaining to the receivership or to the corporation,
its property and its transactions, and require such person to produce books, records,
papers and other tangible things and to be examined thereon; (f) take testimony within or without the State, and, if without the State, apply to
courts of other jurisdictions for compulsory process to obtain the attendance of witnesses; (g) continue the business of the corporation, and, to that end, enter into contracts,
borrow money, pledge, mortgage or otherwise encumber the property of the corporation
as security for the repayment of the receiver's loans; (h) do all further acts as shall best fulfill the purposes of this chapter.
Frequently Asked Questions About New Jersey § 14a:14-5
What does New Jersey Statutes § 14a:14-5 cover?
Section 14a:14-5 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:14-5?
A common citation format is "New Jersey Statutes § 14a:14-5" (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:14-5 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.