New Jersey § 17:9A-133 What banks may merge;  means of effectuation of merger

New Jersey Statutes

§ 17:9A-133 — What banks may merge; means of effectuation of merger

New Jersey § 17:9A-133

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:9A-133 (What banks may merge; means of effectuation of merger) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17:9A-133 (2026).

Text

A. Any two or more banks may, with the approval of the commissioner, merge one or more of them into another of them as provided in this article. B. A merger may be effected by any one or by any combination of any two or more or all of the following methods:

(1)By the exchange of shares of capital stock of each merging bank for the shares of capital stock of the receiving bank;

(2)By the exchange of shares of capital stock of each merging bank for the shares of capital stock of a company as such term is defined in paragraph (3) of section 132 (C. 17:9A-132);

(3)By the exchange of shares of capital stock of each merging bank for capital notes of the receiving bank;

(4)By the exchange of shares of capital stock of each merging bank for cash received from the receiving bank or from a compa

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A. Any two or more banks may, with the approval of the commissioner, merge one or more of them into another of them as provided in this article. B. A merger may be effected by any one or by any combination of any two or more or all of the following methods: (1) By the exchange of shares of capital stock of each merging bank for the shares of capital stock of the receiving bank; (2) By the exchange of shares of capital stock of each merging bank for the shares of capital stock of a company as such term is defined in paragraph (3) of section 132 (C. 17:9A-132); (3) By the exchange of shares of capital stock of each merging bank for capital notes of the receiving bank; (4) By the exchange of shares of capital stock of each merging bank for cash received from the receiving bank or from a company as such term is defined in paragraph (3) of section 132 (C. 17:9A-132); (5) By the exchange of shares of capital stock of each merging bank for capital notes of a company as such term is defined in paragraph (3) of section 132 (C. 17:9A-132). L.1948, c. 67, p. 281, s. 133. Amended by L.1968, c. 415, s. 3; L.1973, c. 211, s. 3, eff. Jan. 1, 1973; L.1977, c. 417, s. 8, eff. Feb. 24, 1978.