New Jersey Statutes 26:2H-44. Reports and accounts of receiver; filing; inspection; presentation or settlement of accounts
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Terms Used In New Jersey Statutes 26:2H-44
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
The court shall require the filing, at periodic intervals, of reports of action taken by the receiver and of accounts itemizing the revenues and expenditures. The reports shall be open to inspection to all parties to the case. Upon motion of the court or the receiver or of the owner, or licensee, the court may require a presentation or settlement of the accounts. Notice of a motion for presentation or settlement of such accounts shall be served on the owner, licensee and any party of record who appeared in the proceeding and any party in interest in such revenues and expenditures.
L.1977, c. 238, s. 9, eff. Sept. 29, 1977.