17:9A-166 - Confirmation of plan - New Jersey Statutes

17:9A-166.  Confirmation of plan
    If the court, upon such notice and hearing as it shall prescribe shall be satisfied that depositors, other creditors and stockholders holding two-thirds in amount of the claims or shares of each class are bound by the plan, as provided in section one hundred sixty-four, exclusive of creditors and stockholders whose acceptances are not required pursuant to subsections B and F  of section one hundred sixty-four, and exclusive of each class of creditors or  stockholders for which provision is made pursuant to section one hundred sixty-five, it may enter a judgment confirming the plan.

     L.1948, c. 67, p. 300, s. 166.  Amended by L.1953, c. 17, p. 173, s. 31.