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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 17c:
Section: 17:17c-11: Reorganization plan amendments.
11. The mutual insurer may, by action of not less than three-fourths of its board of directors, abandon or amend the plan of reorganization at any time before the effective date. No amendment made after the public hearing required by subsection d. of section 4 of this act shall change the plan in a manner which the commissioner determines is materially disadvantageous to any of the policyholders unless a further public hearing is held on the plan as amended.
L.1998,c.46,s.11.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:17c-11 (if available):
Court decisions that cite this statute:
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