N.J.S.A. 17:9A-166 — Confirmation of plan

17:9A-166. Confirmation of plan If the court, upon such notice and hearing as it shall prescribe shall be satisfied that depositors, other creditors and stockholders holding two-thirds in amount of the claims or shares of each class are bound by the plan, as provided in section one hundred sixty-four, exclusive of creditors and stockholders whose acceptances are not required pursuant to subsections B and F of section one hundred sixty-four, and exclusive of each class of creditors or stockholders for which provision is made pursuant to section one hundred sixty-five, it may enter a judgment confirming the plan. L.1948, c. 67, p. 300, s. 166. Amended by L.1953, c. 17, p. 173, s. 31.

This is the verbatim text of N.J.S.A. 17:9A-166, 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.