§ 17:16X-1 — Definitions regarding subsidiary mergers

1. For purposes of this act: "Commissioner" means the Commissioner of Banking and Insurance. "Financial institution" means a bank, savings bank or savings and loan association. "Subsidiary" means a corporation, limited liability company, partnership or other entity in which a financial institution owns not less than 80% of that entity's equity. L.2000,c.70,s.1.