§ 17:16J-9 — Methods; supervisory merger

A merger agreement shall provide for supervisory mergers by any one, or by any combination of, or by all of the following methods: a. The exchange of shares of capital stock of each merging depository for shares of capital stock of the receiving or resulting depository; b. The exchange of shares of capital stock of each merging depository for shares of capital stock of a company; c. The exchange of shares of capital stock of each merging depository for capital notes or mutual capital certificates of the receiving or resulting depository; d. The exchange of shares of capital stock of each merging depository for cash or mutual capital certificates received from the receiving or resulting depository or company; e. The exchange of shares of capital stock of each merging depository for the capital notes of a company when the receiving depository is a subsidiary of the company; f. The transfer, sale, or exchange of all or any part of the assets of a depository to the receiving depository for cash, capital stock, mutual capital certificates, or accounts; g. Any other method approved by the commissioner. L.1982, c. 8, s. 9, eff. March 4, 1982.