New Jersey § 17:12b-205
Full text of New Jersey New Jersey Statutes § 17:12b-205, with citation guidance and answers to common questions.
§ 17:12b-205.
Whenever any assets of a State association are to be liquidated by the board of an
association, as provided in section 204 of this act, 1 the State association shall, within 10 days after the transfer of assets has been
made, make a certificate which shall state: (a) That such transfer of assets has been made. (b) The name of the State association which made the transfer. The name by which the transferring association shall thereafter be known, which
may be the same as that of the transferring association, with the addition of the
words “liquidating corporation.” (c) The name of the association to which the assets were transferred. (d) The address, including street and number, of the principal office of the transferring
association and the name of the agent in charge thereof upon whom process may be served. Such certificate, executed and acknowledged, or proved in the manner required for
deeds to real property, shall be recorded in the office of the clerk of the county,
in which the transferring association has its principal office, and a copy thereof
shall be filed with the commissioner and thereupon the association shall become a
liquidating corporation for the sole purpose of liquidating promptly and in an orderly
manner, all its remaining assets and of distributing the proceeds thereof. The board may act under the by-laws of the association except where they are inconsistent
with the purposes of the corporation and otherwise the corporation and its directors
shall have the powers and duties and be subject to the requirements of sections 207
through 212 of this act. 2 1
N.J.S.A. § 17:12B-204. 2
N.J.S.A. §§ 17:12B-207 to 17:12B-212.
Frequently Asked Questions About New Jersey § 17:12b-205
What does New Jersey Statutes § 17:12b-205 cover?
Section 17:12b-205 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-205?
A common citation format is "New Jersey Statutes § 17:12b-205" (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-205 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.