{"data":{"id":"us-nj/n.j.-stat.-17-12b-207","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:12B-207","heading":"Liquidating corporations","body":"Each liquidating corporation created pursuant to the provisions of section 205 of this act shall be a corporation for the sole purpose of liquidating, promptly and in an orderly manner, all assets which it owns and distributing the proceeds thereof.\nEach such liquidating corporation shall have all powers necessary to accomplish such liquidation and distribution including, but not by way of limitation, those specified in sections 232, 233, 235, 236, 237 and 238 of this  act.\nL.1963, c. 144, s. 207.","path":["TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE \t\t\tAND INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"a664fe675795b5afbfb09cc9262a23af366f7b7becec45b15b0e7de3820b32fa","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-12b-206","next":"us-nj/n.j.-stat.-17-12b-208"},"notice":"GroundRules: Original legal text. Not legal advice."}