New Jersey § 17:9A-361 Valuation date of fair value

New Jersey Statutes

§ 17:9A-361 — Valuation date of fair value

New Jersey § 17:9A-361

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

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Bluebook

N.J. Stat. Ann. § 17:9A-361 (2026).

Text

For the purposes of this act, the fair value of the shares of a participating bank shall be determined as of the day before the day on which the vote of stockholders of such bank was taken as provided in section 5. In determining fair value, there shall be excluded any appreciation or depreciation in value resulting from the consummation of the plan of acquisition. L.1969, c. 118, s. 7, eff. June 30, 1969.

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For the purposes of this act, the fair value of the shares of a participating bank shall be determined as of the day before the day on which the vote of stockholders of such bank was taken as provided in section 5. In determining fair value, there shall be excluded any appreciation or depreciation in value resulting from the consummation of the plan of acquisition. L.1969, c. 118, s. 7, eff. June 30, 1969.