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Current as of January 01, 2024 | Updated by Findlaw Staff
If, at the meeting held pursuant to the notice required by section 3 of this act, 1 or at any adjournment thereof, 2/3 of the members present vote in favor of the plan and resolution so adopted by the board of directors or board of trustees, or in favor of an amendment thereof or a substitute therefor, a certificate thereof signed by the secretary, and acknowledged or proved as in the case of deeds to real property, shall be submitted to the Commissioner of Banking and Insurance. 2 The certificate shall set forth the plan and resolution adopted, and the approval thereof in the manner herein provided.
Cite this article: FindLaw.com - New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 45A-4 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-17-corporations-and-institutions-for-finance-and-insurance/nj-st-sect-17-45a-4/
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