New Jersey § 17:9A-163 Transmittal of plan and court approval to creditors and stockholders

New Jersey Statutes

§ 17:9A-163 — Transmittal of plan and court approval to creditors and stockholders

New Jersey § 17:9A-163

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:9A-163 (Transmittal of plan and court approval to creditors and stockholders) 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. § 17:9A-163 (2026).

Text

Upon approval of the plan by the court, as provided by section 162, the commissioner or receiver who is in possession of the property and business of the bank shall transmit to all depositors, other creditors and stockholders who are affected by the plan, (1) a copy of the plan as approved;

(2)a copy of the opinion of the court, if any, approving the plan, or a summary of the opinion approved by the court;

(3)a summary of the rights of depositors, other creditors and stockholders provided in sections 164, 165 and 166, approved by the court; and (4) such other matters as the court may deem necessary or desirable for the information of depositors, other creditors and stockholders. L.1948, c. 67, p. 297, s. 163.

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Upon approval of the plan by the court, as provided by section 162, the commissioner or receiver who is in possession of the property and business of the bank shall transmit to all depositors, other creditors and stockholders who are affected by the plan, (1) a copy of the plan as approved; (2) a copy of the opinion of the court, if any, approving the plan, or a summary of the opinion approved by the court; (3) a summary of the rights of depositors, other creditors and stockholders provided in sections 164, 165 and 166, approved by the court; and (4) such other matters as the court may deem necessary or desirable for the information of depositors, other creditors and stockholders. L.1948, c. 67, p. 297, s. 163.