New Jersey § 17:12B-182 Commissioner's authority

New Jersey Statutes

§ 17:12B-182 — Commissioner's authority

New Jersey § 17:12B-182

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

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Bluebook

N.J. Stat. Ann. § 17:12B-182 (2026).

Text

The commissioner may forthwith take charge of the State association and possession of all its real and personal property, books and records, and continue the operation of its business until such possession and management shall be returned to its board, or until such State association shall merge, reorganize, dissolve and commence liquidation, or go into receivership. L.1963, c. 144, s.

182.Amended by L.1981, c. 287, s. 2, eff. Sept. 11, 1981.

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The commissioner may forthwith take charge of the State association and possession of all its real and personal property, books and records, and continue the operation of its business until such possession and management shall be returned to its board, or until such State association shall merge, reorganize, dissolve and commence liquidation, or go into receivership. L.1963, c. 144, s. 182. Amended by L.1981, c. 287, s. 2, eff. Sept. 11, 1981.