17:12B-189 - Financial statements by commissioner - New Jersey Statutes

17:12B-189.  Financial statements by commissioner
    At least annually, and upon the termination of his possession of the assets  of a State association, the commissioner shall submit a financial statement and  report of the affairs of each State association in his possession, or in  liquidation by him to each of the members thereof.  Such statement and report  shall include a statement of assets and liabilities, a statement of operations,  including an itemized statement of all fees and salaries paid to each special  assistant deputy commissioner, agent and counsel of such State association, and  a statement showing the extent of the liquidation of its assets and the  application of the proceeds thereof. The first such report shall be submitted  to the members not later than 1 year from the date when the commissioner takes  possession, or in the case of a State association in possession of the  commissioner, when this act takes effect, not later than 1 year from such  effective date.

     L.1963, c. 144, s. 189.