N.J.S.A. 17:48E-53 — Issuance of subsequent order.

17:48E-53 Issuance of subsequent order. 5. The order of the commissioner issued pursuant to section 4 of this act shall not take effect unless the commissioner issues a subsequent order finding that: a. the Superior Court has entered an order pursuant to subsection f. of section 19 of this act approving the establishment of the foundation; and b. the Superior Court has not imposed any terms or conditions that are materially inconsistent with the order of the commissioner issued pursuant to section 4 of this act. L.2001,c.131,s.5.

This is the verbatim text of N.J.S.A. 17:48E-53, 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.