New Jersey Revised Statutes § 17:9a-166 - Confirmation Of Plan

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.

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

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Last modified: October 11, 2016