New Jersey § 17:16E-5 Interlocking relationships existing prior to this act; termination

New Jersey Statutes

§ 17:16E-5 — Interlocking relationships existing prior to this act; termination

New Jersey § 17:16E-5

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:16E-5 (Interlocking relationships existing prior to this act; termination) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17:16E-5 (2026).

Text

Any interlocking relationship prohibited by section 3 of this act which existed prior to the effective date of this act may continue for such a reasonable period of time as may be necessary to terminate one or more of the relationships involved in an orderly manner, but all such interlocking relationships shall be terminated within 1 year after the effective date of this act. L.1975, c. 265, s. 5, eff. Jan. 1, 1976.

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Any interlocking relationship prohibited by section 3 of this act which existed prior to the effective date of this act may continue for such a reasonable period of time as may be necessary to terminate one or more of the relationships involved in an orderly manner, but all such interlocking relationships shall be terminated within 1 year after the effective date of this act. L.1975, c. 265, s. 5, eff. Jan. 1, 1976.