New Jersey Statutes 2A:64-3. Execution or process
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Terms Used In New Jersey Statutes 2A:64-3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
If a judgment is entered against the organization or association in a civil action herein authorized, execution or other process may issue thereon in the same manner as upon a judgment against a corporation.
The sheriff or other officer in such a case may, by virtue of such execution or process, levy upon and expose for sale the common property of the organization or association, whether held in its name or by the directors, officers, trustees or stockholders thereof.
L.1951 (1st SS), c.344.