No payment of net earnings during the period of the conservatorship may be made by the conservator without the prior approval of the commission, which may, in its discretion, direct that all or any part of same be paid either to the suspended or former registrant or to the Spill Compensation Fund pursuant to the “Spill Compensation and Control Act,” P.L.1976, c. 141 (C. 58:10-23.11 et seq.).

L.1981, c. 279, s. 25, eff. Sept. 10, 1981.