17:48E-46.10. Plan of dissolution
73 words·~1 min read·
/nj/title-17/chapter-48e/17-48e-46-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
10. Upon any voluntary dissolution of a mutual holding company in accordance with N.J.S.15A:12-2, 15A:12-3, 15A:12-4, 15A:12-5, 15A:12-6, 15A:12-7, or section 19 of P.L.1992, c.65 (C.17B:32-49), the mutual holding company shall adopt a plan of dissolution in accordance with N.J.S.15A:12-8. The plan shall provide that any assets of the mutual holding company remaining after the discharge of all liabilities and obligations, if any, shall be distributed in accordance with N.J.S.15A:12-8.
L.2020, c.145, s.10.