17:9A-167. Allowances for services, costs and expenses
110 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-167A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Superior Court may allow reasonable compensation for services rendered and reimbursement for proper costs and expenses incurred by the commissioner, the bank, and depositors, other creditors and stockholders, and their counsel, in connection with the submission by them of a plan or suggestions for modification of a plan, or in connection with objections by them to the approval or confirmation of a plan. In fixing any such allowances, the court shall give consideration only to the services which contributed to the reorganization of the bank, or to the rejection of a plan of reorganization, and the proper costs and expenses incidental thereto.
L.1948, c. 67, p. 301, s. 167.