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Code · New Jersey · Title 17 — Notice and Publication · Chapter 9A

17:9A-301. Continuance of liquidation by commissioner

67 words·~1 min read·/nj/title-17/chapter-9a/17-9a-301

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If, at a stockholder's meeting held pursuant to section 299, the stockholders vote to have liquidation continued by the commissioner, the commissioner shall continue with the liquidation, and shall wind up the affairs of the bank and shall make distribution of the proceeds thereof to the stockholders in the same manner, with all the powers and subject to all the duties as in this article provided.
L.1948,c.67,s.301.
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