New Jersey Statutes
§ 14A:14-24 — Reorganization under act of Congress; implementation of plan of reorganization
New Jersey § 14A:14-24
JurisdictionNew Jersey
Title 14ACORPORATIONS, GENERAL
This text of New Jersey § 14A:14-24 (Reorganization under act of Congress; implementation of plan of reorganization) 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:14-24 (2026).
Text
(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 i
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Nearby Sections
15
§ 14A:14-1
Definitions§ 14A:14-13
Liens by legal process§ 14A:14-14
Preferences§ 14A:14-15
Notice to creditors§ 14A:14-16
Claims; presentation; approval or rejection§ 14A:14-17
Claims; jury trial§ 14A:14-18
Review of receiver's actions§ 14A:14-19
Discontinuance of receivership action§ 14A:14-21
Distribution of assets; priorities§ 14A:14-22
Judgment of dissolutionCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 14A:14-24, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/14A/14A%3A14-24.