N.J.S.A. 17:9A-160 — Jurisdiction of Superior Court

17:9A-160. Jurisdiction of Superior Court The Superior Court shall have jurisdiction of actions pursuant to this article and to make such orders and judgments as may be necessary to (1) determine the rights, equities and priorities of all parties; (2) fix the division of creditors and stockholders into classes according to the nature of their respective claims or stock; and, to that end, summarily determine the value of security so as to classify as unsecured the amount in excess of such value; (3) approve a plan in compliance with the provisions of this article; and (4) consummate such plan as may be approved by the court. L.1948, c. 67, p. 295, s. 160. Amended by L.1953, c. 17, p. 172, s. 29.

This is the verbatim text of N.J.S.A. 17:9A-160, 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.