N.J.S.A. 17:9A-163 — Transmittal of plan and court approval to creditors and stockholders

17:9A-163. Transmittal of plan and court approval to creditors and stockholders Upon approval of the plan by the court, as provided by section 162, the commissioner or receiver who is in possession of the property and business of the bank shall transmit to all depositors, other creditors and stockholders who are affected by the plan, (1) a copy of the plan as approved; (2) a copy of the opinion of the court, if any, approving the plan, or a summary of the opinion approved by the court; (3) a summary of the rights of depositors, other creditors and stockholders provided in sections 164, 165 and 166, approved by the court; and (4) such other matters as the court may deem necessary or desirable for the information of depositors, other creditors and stockholders. L.1948, c. 67, p. 297, s. 163.

This is the verbatim text of N.J.S.A. 17:9A-163, 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.