N.J.S.A. 17:9A-27.25 — Powers of commissioner

17:9A-27.25. Powers of commissioner If it shall appear to the commissioner that any payment made by any bank for any benefit provided for by sections 23 or 24 of this act is excessive as to any one or more or all employees of a bank, he shall have power to order that any payment thereafter made by such bank for such benefit or benefits shall be reduced to such amount as he shall deem reasonable. An order made pursuant to this section shall be subject to review in a proceeding in lieu of prerogative writ. L.1953, c. 124, p. 1320, s. 25.

This is the verbatim text of N.J.S.A. 17:9A-27.25, 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.