New Jersey § 17:9a-165
Full text of New Jersey New Jersey Statutes § 17:9a-165, with citation guidance and answers to common questions.
§ 17:9a-165.
A. The court, upon such notice and hearing as it shall determine, shall, subject to
confirmation of the plan, provide for any class of creditors which is adversely affected
by and is not bound by the plan, adequate protection for the realization by the creditors
of such class of the value of their claims against the property dealt with by the
plan and affected by such claims, (1) by the transfer or sale, or by the retention by the bank, of such property subject
to such claims; or (2) by a sale of such property free of such claims, at not less than a fair upset
price, and the transfer of such claims to the proceeds of such sale; or (3) by appraisal and payment in cash of the value of such claims; or (4) by such other method as will, under and consistent with the circumstances of the
particular case, equitably and fairly provide such protection. B. The court, upon such notice and hearing as it shall determine, shall, subject to
confirmation of the plan, provide for any class of stockholders which is adversely
affected by and is not bound by the plan, adequate protection for the realization
by the stockholders of such class of the value of their equity, if any, in the property
of the bank dealt with by the plan, (1) by the sale of such property at not less than a fair upset price; or (2) by appraisal and payment in cash of the value of their stock; or (3) by such other method as will, under and consistent with the circumstances of the
particular case, equitably and fairly provide such protection; but the protection
afforded by this subsection shall not be required if the court shall determine that
the liabilities of the bank are in excess of its assets.
Frequently Asked Questions About New Jersey § 17:9a-165
What does New Jersey Statutes § 17:9a-165 cover?
Section 17:9a-165 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-165?
A common citation format is "New Jersey Statutes § 17:9a-165" (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-165 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.