N.J. Stat. § 17:9A-166

Current through L. 2024, c. 87.
Section 17:9A-166 - Confirmation of plan

If the court, upon such notice and hearing as it shall prescribe shall be satisfied that depositors, other creditors and stockholders holding two-thirds in amount of the claims or shares of each class are bound by the plan, as provided in section one hundred sixty-four, exclusive of creditors and stockholders whose acceptances are not required pursuant to subsections B and F of section one hundred sixty-four, and exclusive of each class of creditors or stockholders for which provision is made pursuant to section one hundred sixty-five, it may enter a judgment confirming the plan.

N.J.S. § 17:9A-166

L.1948, c.67, p.300, s.166; amended by L.1953, c.17, p.173, s.31.