New Jersey § 17:12b-185
Full text of New Jersey New Jersey Statutes § 17:12b-185, with citation guidance and answers to common questions.
§ 17:12b-185.
The commissioner shall have full and complete powers necessary to enable him to determine
promptly and efficiently whether it is for the best interests of the State association's
creditors, members and the public that it be continued as a going concern or that
it be merged, reorganized or dissolved and liquidated. Without limiting the generality of his powers, he shall have power to: (a) Continue the operation of the State association's business. (b) Conserve its assets and business. (c) Pay its debts and operating expenses. (d) Collect moneys due to it. (e) Compromise and settle claims by and against it. (f) Exercise any power conferred by this chapter on the State association or its board. (g) Call meetings of its members. (h) Declare the association closed under State law or take whatever other action he
deems necessary to assist the Federal Home Loan Bank Board or the Federal Savings
and Loan Insurance Corporation to exercise their powers under Federal law.
Frequently Asked Questions About New Jersey § 17:12b-185
What does New Jersey Statutes § 17:12b-185 cover?
Section 17:12b-185 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 17:12b-185?
A common citation format is "New Jersey Statutes § 17:12b-185" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 17:12b-185 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.