N.J. Stat. § 17:16E-5
Current through L. 2024, c. 62.
Any interlocking relationship prohibited by section 3 of this act which existed prior to the effective date of this act may continue for such a reasonable period of time as may be necessary to terminate one or more of the relationships involved in an orderly manner, but all such interlocking relationships shall be terminated within 1 year after the effective date of this act.
N.J.S. § 17:16E-5