N.J.S.A. 17:48E-46.8

Non-obligation of distribution payment to members, policyholders

17:48E-46.8. Non-obligation of distribution payment to members, policyholders 8. Neither the adoption nor the implementation of a plan of mutualization and reorganization shall be deemed to give rise to any obligation by or on behalf of any entity in the mutual holding company system or any predecessor entity to make any distribution or payment to any member or policyholder, or to any other person, fund, or entity of any nature whatsoever, in connection with the ownership, control, benefits, policies, purpose, or nature of any entity in the mutual holding company system, any predecessor entity or otherwise. L.2020, c.145, s.8.

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This is the verbatim text of N.J.S.A. 17:48E-46.8, 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.