Effect of reorganization upon claims and property
Known as the New Jersey Automobile Full Insurance Availability Act
The act spans §§ 17:10B-1 to 17:9A-99 (3,637 sections).
L.1948, c. 67, p. 303, s. 171.
Upon the issuance of the certificate of authority pursuant to subsection C of section 168,
(1) the plan shall be binding upon the bank and upon all of its depositors, other creditors and stockholders; and
(2) the property dealt with by the plan shall be free and clear of all claims and interests, except as provided in the plan or in such order as the court may make authorizing or directing the transfer of such property.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.