New Jersey Statutes
§ 17:9A-152 — Effect of conversion
New Jersey § 17:9A-152
JurisdictionNew Jersey
Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
This text of New Jersey § 17:9A-152 (Effect of conversion) 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-152 (2026).
Text
Upon compliance with the requirements of this article, (1) the bank shall be authorized to transact business pursuant to this act;
(2)the property and rights of the national banking association shall vest in the bank without further act or deed;
(3)the rights and obligations of the national banking association shall become the rights and obligations of the bank;
(4)if the bank is a qualified bank, it shall, without further act or deed and without order or judgment of any court, succeed the national banking association in every fiduciary and agency capacity of the association, unless prohibited by the instrument under which the association acted in such fiduciary or agency capacity; and (5) any pending action by or against the national banking association shall survive its conversion int
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Nearby Sections
15
§ 17:9A-1
Definitions§ 17:9A-100
Liability of stockholders§ 17:9A-101
Directors; number; method of determination§ 17:9A-103
Directors; stock ownership, oath§ 17:9A-104
Directors; disqualification§ 17:9A-105
Directors; quorum; actions§ 17:9A-106
Directors; compensation§ 17:9A-107
Chairman of board of directors§ 17:9A-108
Directors; executive committee§ 17:9A-109
Directors; qualified bank; trust committee§ 17:9A-110
Directors; other committees§ 17:9A-111
Officers; election; appointment; limitationCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 17:9A-152, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/17/17%3A9A-152.