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Code · New Jersey · Title 17 — Notice and Publication · Chapter 30C

17:30C-3. Exclusive remedy--appeal

57 words·~1 min read·/nj/title-17/chapter-30c/17-30c-3

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Delinquency proceedings pursuant to this act shall constitute the sole and exclusive method of liquidating, rehabilitating, reorganizing or conserving an insurer, and no court shall entertain a petition for the commencement of such proceedings, or any other similar procedure, unless the same has been instituted by the commissioner.
L.1975, c. 113, s. 3, eff. June 3, 1975.
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