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Code · New Jersey · Title 52 — Savings and Loan Associations [Repealed] · Chapter 27

52:27-42. Approval by commission of readjustment plan necessary

84 words·~1 min read·/nj/title-52/chapter-27/52-27-42·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

No plan of readjustment filed with or in the proceedings upon any such petition shall be approved by the court or put into temporary effect or finally confirmed without the approval of the commission. No political subdivision shall so file any such plan which shall not have been approved by the commission nor shall any political subdivision accept any such plan as thereafter changed or modified without express authority from the commission to do so.
Amended by L.1938, c. 243, p. 551, s. 2.
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