New Jersey § 17:9A-159 Action for approval of plan

New Jersey Statutes

§ 17:9A-159 — Action for approval of plan

New Jersey § 17:9A-159

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

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Bluebook

N.J. Stat. Ann. § 17:9A-159 (2026).

Text

A.The commissioner, or the bank, if either is the proponent of a plan of reorganization, or other proponents of a plan which has been approved by the commissioner pursuant to section one hundred fifty-eight, may, if no other action has been instituted pursuant to this section, institute an action in the Superior Court for approval of the plan. Process against and notice to the stockholders, depositors and other creditors may be served by mail addressed to each at his address as it appears on the bank's records. L.1948, c. 67, p. 294, s.

159.Amended by L.1953, c. 17, p. 171, s. 28.

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A. The commissioner, or the bank, if either is the proponent of a plan of reorganization, or other proponents of a plan which has been approved by the commissioner pursuant to section one hundred fifty-eight, may, if no other action has been instituted pursuant to this section, institute an action in the Superior Court for approval of the plan. Process against and notice to the stockholders, depositors and other creditors may be served by mail addressed to each at his address as it appears on the bank's records. L.1948, c. 67, p. 294, s. 159. Amended by L.1953, c. 17, p. 171, s. 28.