N.J. Stat. § 2A:17-76: Collection of and action on assigned debts by execution creditor

When debts due to a corporation have been delivered, transferred and assigned to an officer holding an execution against the corporation, for the use of the execution creditor, pursuant to section 2A:17-75 of this title, the creditor may sue for and collect the same, subject to such equitable set-offs on the part of the debtor as in other assignments.

L.1951 (1st SS), c.344.