{"data":{"id":"us-nj/n.j.-stat.-42-3-20","jurisdiction":"us-nj","citation":"N.J. Stat. § 42:3-20","heading":"Designation or appointment of trustees or receivers","body":"If, in the action under section 42:3-19 of this Title, it shall appear to the court that such association has so expired or been dissolved, it may either  continue the managers acting as such at the expiration or dissolution of the  association, or the surviving managers or manager, trustees or trustee as  provided by section 42:3-16 of this Title, or appoint one or more persons to be  receivers of such association, and the creditors and members thereof.\nAmended by L.1953, c. 40, p. 762, s. 10, eff. March 19, 1953.","path":["TITLE 42 PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS"],"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":"94ab0bd6a8ba4ad69a639bf715f547dd69f90b2dadf0885f38f2e02afaabe3a3","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-42-3-19","next":"us-nj/n.j.-stat.-42-3-21"},"notice":"GroundRules: Original legal text. Not legal advice."}