17:9A-159 - Action for approval of plan - New Jersey Statutes

17:9A-159.  Action for approval of plan
    A.  The commissioner, or the bank, if either is the proponent of a plan of reorganization, or other proponents of a plan which has been approved by the commissioner pursuant to section one hundred fifty-eight, may, if no other action has been instituted pursuant to this section, institute an action in the  Superior Court for approval of the plan.  Process against and notice to the  stockholders, depositors and other creditors may be served by mail addressed to  each at his address as it appears on the bank's records.

     L.1948, c. 67, p. 294, s. 159.  Amended by L.1953, c. 17, p. 171, s. 28.