New Jersey § 17:9A-153 Rights of dissenting stockholders

New Jersey Statutes

§ 17:9A-153 — Rights of dissenting stockholders

New Jersey § 17:9A-153

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:9A-153 (Rights of dissenting stockholders) 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-153 (2026).

Text

A stockholder of a national banking association which converts into a bank pursuant to this article may make a demand for and receive payment of the value of his shares in such association in the manner defined, prescribed and limited by applicable Federal law, and the bank shall make such payment to such stockholder, and shall pay the costs of appraisal, in the amount and in the manner required by applicable Federal law. L.1948, c. 67, p. 291, s.

153.Amended by L.1951, c. 41, p. 152, s. 6.

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A stockholder of a national banking association which converts into a bank pursuant to this article may make a demand for and receive payment of the value of his shares in such association in the manner defined, prescribed and limited by applicable Federal law, and the bank shall make such payment to such stockholder, and shall pay the costs of appraisal, in the amount and in the manner required by applicable Federal law. L.1948, c. 67, p. 291, s. 153. Amended by L.1951, c. 41, p. 152, s. 6.