17:9A-27.25 - Powers of commissioner
17:9A-27.25.Ā Powers of commissioner
If it shall appear to the commissioner that any payment made by any bank forĀ any benefit provided for by sections 23 or 24 of this act is excessive as toĀ any one or more or all employees of a bank, he shall have power to order thatĀ any payment thereafter made by such bank for such benefit or benefits shall beĀ reduced to such amount as he shall deem reasonable.Ā An order made pursuant toĀ this section shall be subject to review in a proceeding in lieu of prerogativeĀ writ.
L.1953, c. 124, p. 1320, s. 25.
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If it shall appear to the commissioner that any payment made by any bank forĀ any benefit provided for by sections 23 or 24 of this act is excessive as toĀ any one or more or all employees of a bank, he shall have power to order thatĀ any payment thereafter made by such bank for such benefit or benefits shall beĀ reduced to such amount as he shall deem reasonable.Ā An order made pursuant toĀ this section shall be subject to review in a proceeding in lieu of prerogativeĀ writ.
L.1953, c. 124, p. 1320, s. 25.
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