N.J.S.A. 17:46B-24 — Investments acquired before effective date

17:46B-24. Investments acquired before effective date Any investment of a title insurance company lawfully acquired before the effective date of this act and which but for this section would be considered ineligible as an investment on such effective date shall be disposed of within 5 years from such effective date. The commissioner, upon application and proof that forced sale of any such investment would be contrary to the best interests of the title insurance company and its policyholders, may extend the period for sale or disposal of such investment for a further reasonable time, in no event to exceed 3 years. L.1975, c. 106, s. 24, eff. May 29, 1975.

This is the verbatim text of N.J.S.A. 17:46B-24, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.