N.J.S.A. 17:9A-301

Continuance of liquidation by commissioner

17:9A-301. Continuance of liquidation by commissioner If, at a stockholder's meeting held pursuant to section 299, the stockholders vote to have liquidation continued by the commissioner, the commissioner shall continue with the liquidation, and shall wind up the affairs of the bank and shall make distribution of the proceeds thereof to the stockholders in the same manner, with all the powers and subject to all the duties as in this article provided. L.1948,c.67,s.301.

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This is the verbatim text of N.J.S.A. 17:9A-301, 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.