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STATE v. EAST SHORES, INC.

131 N.J. Super. 300 (1974)

329 A.2d 585

STATE OF NEW JERSEY AND BOARD OF PUBLIC UTILITY COMMISSIONERS, PLAINTIFFS, v. EAST SHORES, INC., MRS.E. CONDIT, ROBERT CHEW, JOSEPH WODZIAK, J. ATKINSON, JOSEPHINE BENEDICT, SOUTH ORANGE FEDERAL SAVINGS BANK, A NEW JERSEY CORPORATION, JAMES TIBUS AND WILLIAM DONZIESER, DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

Decided October 10, 1974.

Attorney(s) appearing for the Case

Mr. William F. Hyland, Attorney General, attorney for the plaintiff (Mr. Joseph W. Ferraro, Jr., Deputy Attorney General, of counsel and on the brief).

Mr. Milford Salny for defendant East Shores, Inc. (Messrs. Salny and Redbord, attorneys).

Mr. Frederic C. Ritger, Jr., attorney for defendants Josephine Benedict, Yorkwood Savings & Loan Assn and Liberty Federal Savings & Loan Assn.

Mr. William Donzeiser, III attorney, appearing pro se and for defendant Class of Seasonal Users Without Lakefront Property.

Mrs. E. Condit appearing pro se and as representative of Class of All Year-Round Residents.

Mrs. Joseph Wodziak appearing pro se.

MUIR, J.S.C.

The essential proposition presented in this action by amended complaint after appointment of a custodial receiver for the water utility of defendant corporation is whether this court should transfer title to certain corporate assets to the receiver, presently outside his control, for liquidation to provide funds for improvements to the utility to implement a presently unsatisfied Board of Public Utility...

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