17:48E-46.8. Non-obligation of distribution payment to members, policyholders
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/nj/title-17/chapter-48e/17-48e-46-8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
8. Neither the adoption nor the implementation of a plan of mutualization and reorganization shall be deemed to give rise to any obligation by or on behalf of any entity in the mutual holding company system or any predecessor entity to make any distribution or payment to any member or policyholder, or to any other person, fund, or entity of any nature whatsoever, in connection with the ownership, control, benefits, policies, purpose, or nature of any entity in the mutual holding company system, any predecessor entity or otherwise.
L.2020, c.145, s.8.