New Jersey § 18a:3b-92
Full text of New Jersey New Jersey Statutes § 18a:3b-92, with citation guidance and answers to common questions.
§ 18a:3b-92.
a. This section shall apply to a proprietary institution licensed to offer academic
degrees that operates in this State. b. A proprietary institution licensed to offer academic degrees shall provide the
secretary a teach-out plan that addresses a potential closure of the institution. The teach-out plan shall be updated as required by the secretary. c. A teach-out plan shall include any information required by the secretary and shall
state that: (1) the institution shall make all reasonable efforts to ensure that any closure of
the institution complies with the requirements of sections 9 through 12 of P.L.2021, c. 27 ( C.18A:3B-93 through C.18A:3B-96 ); (2) the chief executive officer and the members of the governing body of the institution
were not in an executive position or a member of a governing body of an institution
in which a disorderly closure occurred; and (3) any institutional financial aid agreement offered to a student shall contain language
stating that, in the event of a disorderly closure, the institutional debt shall be
void and shall not be recovered, collected, or enforced. d. The Office of the Attorney General shall seek an injunction or other judicial remedy
against a proprietary institution licensed to offer academic degrees that fails to
comply with the requirements of this section, including requiring the institution
to refund all tuition and fees paid by any student.
Frequently Asked Questions About New Jersey § 18a:3b-92
What does New Jersey Statutes § 18a:3b-92 cover?
Section 18a:3b-92 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 § 18a:3b-92?
A common citation format is "New Jersey Statutes § 18a:3b-92" (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 § 18a:3b-92 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.