N.J.S.A. 17:9A-159 — Action for approval of plan

17:9A-159. Action for approval of plan A. The commissioner, or the bank, if either is the proponent of a plan of reorganization, or other proponents of a plan which has been approved by the commissioner pursuant to section one hundred fifty-eight, may, if no other action has been instituted pursuant to this section, institute an action in the Superior Court for approval of the plan. Process against and notice to the stockholders, depositors and other creditors may be served by mail addressed to each at his address as it appears on the bank's records. L.1948, c. 67, p. 294, s. 159. Amended by L.1953, c. 17, p. 171, s. 28.

This is the verbatim text of N.J.S.A. 17:9A-159, 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.