New Jersey § 17:9a-286
Full text of New Jersey New Jersey Statutes § 17:9a-286, with citation guidance and answers to common questions.
§ 17:9a-286.
A. Within nine months from the date of the order authorizing a final liquidating dividend,
the commissioner shall cause a notice to be published in at least one newspaper selected
as in section 280 1 provided, containing the names and last known addresses of those persons entitled
to participate in the distribution of the proceeds of the bank's assets who have failed
to take payment thereof. Such publication shall be made at least once a month for three successive months,
and the cost thereof shall be charged ratably against the several sums so unclaimed. B. At the expiration of the period of publication specified in subsection A of this
section, the commissioner shall file a petition in the Superior Court for leave to
pay into that court the funds which then remain unclaimed. The petition shall recite the name, the last known address, and the amount due to
each depositor, other creditor or stockholder who has failed to take payment of the
distributive share due him. The court, on proof that the publication required by subsection A of this section
has been made, shall make an order upon such petition directing the commissioner to
pay the funds into court, there to be held for the benefit of those entitled thereto. Upon payment of the funds into court, the commissioner shall be relieved of all
duties and responsibilities in connection therewith. C. The Superior Court may make an order pursuant to subsection B of this section,
without the prior publication of the notice specified in subsection A, upon proof
that the cost of such publication is disproportionate to the amount to be paid into
court. 1
N.J.S.A. § 17:9A-280.
Frequently Asked Questions About New Jersey § 17:9a-286
What does New Jersey Statutes § 17:9a-286 cover?
Section 17:9a-286 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-286?
A common citation format is "New Jersey Statutes § 17:9a-286" (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-286 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.