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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 16e: Purpose
Section: 17:16e-5: Interlocking relationships existing prior to this act; termination
Any interlocking relationship prohibited by section 3 of this act which existed prior to the effective date of this act may continue for such a reasonable period of time as may be necessary to terminate one or more of the relationships involved in an orderly manner, but all such interlocking relationships shall be terminated within 1 year after the effective date of this act.
L.1975, c. 265, s. 5, eff. Jan. 1, 1976.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:16e-5 (if available):
Court decisions that cite this statute:
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