52:27H-93. Employee stock ownership plans; dissemination of information
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/nj/title-52/chapter-27h/52-27h-93·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The commissioner shall take any action which he deems appropriate to disseminate information on the advantages and disadvantages of employee stock ownership plans to employers and employee groups. This may include, but need not be limited to, the publication and distribution of suitable pamphlets, brochures and other literature, and the organization of seminars and other informational meetings on employee stock ownership plans. In conducting these activities, the commissioner may seek the collaboration and assistance of any State department, agency or institution of higher education.
b. The information shall include an explanation of the potential usefulness of employee stock ownership plans for averting the closing of places of employment in certain instances and the use of employee stock ownership plans in the refinancing of successful enterprises.
L.1983, c. 471, s. 4, eff. Jan. 12, 1984.