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131 chapters · 3,637 sections in this title.
N.J.S.A. 17:45A-1 Mutual benefit association defined
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17:45A-1. Mutual benefit association defined As used herein, "mutual benefit association" means a mutual benefit association heretofore or hereafter organized under any law of this State which (a) has transacted business in this State for not less than 10 years; (b) is subject to…
N.J.S.A. 17:45A-2 Authorization to convert
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17:45A-2. Authorization to convert Any mutual benefit association may become and be a mutual life insurance company upon complying with the provisions of this act. L.1955, c. 230, p. 889, s. 2.
N.J.S.A. 17:45A-3 Method of conversion; contents of resolution
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17:45A-3. Method of conversion; contents of resolution Any such mutual benefit association may effect its conversion into a mutual life insurance company as follows: Its board of directors or board of trustees shall approve a plan for the conversion of the association into a mutu…
N.J.S.A. 17:45A-4 Vote percentage required for approval; certificate to Commissioner of Banking and Insurance
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17:45A-4. Vote percentage required for approval; certificate to Commissioner of Banking and Insurance If, at the meeting held pursuant to the notice required by section 3 of this act, or at any adjournment thereof, 2/3 of the members present vote in favor of the plan and resoluti…
