New Jersey § 17:9a-162
Full text of New Jersey New Jersey Statutes § 17:9a-162, with citation guidance and answers to common questions.
§ 17:9a-162.
The proposed plan may be modified under the direction of the court. If, after a hearing, the court shall find that the plan, as proposed or modified, (1) complies with the provisions of this article, (2) is fair, equitable and feasible, and, if the plan is proposed by the bank, (3) that the persons who will be the directors and officers of the bank upon reorganization,
possess capacity and fitness for the duties and responsibilities with which they will
be charged; and (4) that the interest of the public will be served to advantage by the adoption of
the plan, it shall approve the plan and fix a time within which the creditors and
stockholders adversely affected thereby may accept or reject the plan.
Frequently Asked Questions About New Jersey § 17:9a-162
What does New Jersey Statutes § 17:9a-162 cover?
Section 17:9a-162 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 § 17:9a-162?
A common citation format is "New Jersey Statutes § 17:9a-162" (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 § 17:9a-162 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.