17:30C-14. Conservation or ancillary receivership--alien insurers
48 words·~1 min read·
/nj/title-17/chapter-30c/17-30c-14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An order to conserve the assets of an alien insurer shall direct the commissioner forthwith to take possession of the property of the insurer within this State and to conserve it, subject to the further direction of the court.
L.1975, c. 113, s. 14, eff. June 3, 1975.