New Jersey § 17B:32-35 Restraining orders, injunctions

New Jersey Statutes

§ 17B:32-35 — Restraining orders, injunctions

New Jersey § 17B:32-35

Title 17BINSURANCE

This text of New Jersey § 17B:32-35 (Restraining orders, injunctions) 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. § 17B:32-35 (2026).

Text

5. a. Any receiver appointed in a proceeding under this act may at any time apply for, and the Superior Court may grant, such restraining orders, preliminary and permanent injunctions, and other orders as may be deemed necessary and proper to prevent:

(1)The transaction of further business;

(2)The transfer of property;

(3)Interference with the receiver or with a proceeding under this act;

(4)Waste of the insurer's assets;

(5)Dissipation and transfer of bank accounts;

(6)The institution or further prosecution of any actions or proceedings;

(7)The obtaining of preferences, judgments, attachments, garnishments or liens against the insurer, its assets or its policyholders;

(8)The levying of execution against the insurer, its assets or its policyholders;

(9)The making of any sale or de

Free access — add to your briefcase to read the full text and ask questions with AI

5. a. Any receiver appointed in a proceeding under this act may at any time apply for, and the Superior Court may grant, such restraining orders, preliminary and permanent injunctions, and other orders as may be deemed necessary and proper to prevent: (1) The transaction of further business; (2) The transfer of property; (3) Interference with the receiver or with a proceeding under this act; (4) Waste of the insurer's assets; (5) Dissipation and transfer of bank accounts; (6) The institution or further prosecution of any actions or proceedings; (7) The obtaining of preferences, judgments, attachments, garnishments or liens against the insurer, its assets or its policyholders; (8) The levying of execution against the insurer, its assets or its policyholders; (9) The making of any sale or deed for nonpayment of taxes or assessments that would lessen the value of the assets of the insurer; (10) The withholding from the receiver of books, accounts, documents or other records relating to the business of the insurer; or (11) Any other threatened or contemplated action that might lessen the value of the insurer's assets or prejudice the rights of policyholders, creditors or shareholders, or the administration of any proceeding under this act. b. The receiver may apply to any court outside of this State for the relief described in subsection a. of this section. c. Notwithstanding any provision of law to the contrary, the commencement of a delinquency proceeding with respect to an insurer-member shall not operate as a stay, injunction, or prohibition of exercise by a federal home loan bank of its rights regarding collateral pledged by that insurer-member. L.1992, c.65, s.5; amended 2023, c.172, s.6.