New Jersey Statutes
§ 17:17C-13 — Directors, officers retained.
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
13.The directors and officers of the mutual insurer, unless otherwise specified in the plan of reorganization, shall serve as the directors and officers of the reorganized stock insurer until new directors and officers are duly elected pursuant to the articles of incorporation and bylaws of the reorganized stock insurer. L.1998,c.46,s.13.
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Nearby Sections
14
§ 17:17C-11
Reorganization plan amendments.§ 17:17C-12
Commissioner's rules, regulations.§ 17:17C-13
Directors, officers retained.§ 17:17C-14
Notice of intent to demutualize.§ 17:17C-3
Reorganization process.§ 17:17C-4
Application for reorganization approval.§ 17:17C-5
Approval of reorganization.§ 17:17C-7
Financial compensation restricted§ 17:17C-8
Compliance; nonimpairment.§ 17:17C-9
Effective date of reorganization.