New Jersey § 14A:14-19 Discontinuance of receivership action

New Jersey Statutes

§ 14A:14-19 — Discontinuance of receivership action

New Jersey § 14A:14-19

Title 14ACORPORATIONS, GENERAL

This text of New Jersey § 14A:14-19 (Discontinuance of receivership action) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 14A:14-19 (2026).

Text

A receivership action against a corporation may be discontinued at any time when it is established that cause for the action no longer exists. In such event, the court shall dismiss the proceedings and direct the receiver to redeliver to the corporation all its property remaining in his hands. Upon such redelivery, the corporation shall be revested with full rights in such property and in its franchises as if the receiver had not been appointed.
L.1968, c.350.

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A receivership action against a corporation may be discontinued at any time when it is established that cause for the action no longer exists. In such event, the court shall dismiss the proceedings and direct the receiver to redeliver to the corporation all its property remaining in his hands. Upon such redelivery, the corporation shall be revested with full rights in such property and in its franchises as if the receiver had not been appointed.
L.1968, c.350.