17:9A-273 - Jurisdiction of Superior Court - New Jersey Statutes

17:9A-273.  Jurisdiction of Superior Court
The Superior Court shall have jurisdiction, on application by the commissioner for instructions in respect to the administration of the bank's affairs, to make such orders and enter such judgments as may be proper and appropriate, but no application by the commissioner pursuant to this article shall subject the business and property of the bank to the general jurisdiction  of the Superior Court, nor shall such application be construed as a surrender  or abandonment by the commissioner of the powers and duties conferred and  imposed upon him by this article.

L.1948,c.67,s.273;amended 1953,c.17,s.46.