New Jersey Statutes 17:48E-46.10. Plan of dissolution
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Terms Used In New Jersey Statutes 17:48E-46.10
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
10. Upon any voluntary dissolution of a mutual holding company in accordance with N.J.S.15A:12-2, 15A:12-3, 15A:12-4, 15A:12-5, 15A:12-6, 15A:12-7, or section 19 of P.L.1992, c.65 (C. 17B:32-49), the mutual holding company shall adopt a plan of dissolution in accordance with N.J.S. 15A:12-8 The plan shall provide that any assets of the mutual holding company remaining after the discharge of all liabilities and obligations, if any, shall be distributed in accordance with N.J.S. 15A:12-8
L.2020, c.145, s.10.