4:13-38. Dissolution upon issuance of proclamation
63 words·~1 min read·
/nj/title-4/chapter-13/4-13-38A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon issuance of such proclamation and the mailing of a copy thereof, in the manner aforesaid, each domestic association named therein shall be deemed dissolved without further legal proceedings; and the authority of foreign associations to transact business in this State terminated.
L.1951, c. 303, p. 1092, s. 10. Amended by L.1953, c. 332, p. 1886, s. 9; L.1966, c. 286, s. 35.