New Jersey § 17:9A-7 Incorporation of savings bank

New Jersey Statutes

§ 17:9A-7 — Incorporation of savings bank

New Jersey § 17:9A-7

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:9A-7 (Incorporation of savings bank) 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-7 (2026).

Text

Nine or more persons, of full age, may incorporate a savings bank on the terms and provisions prescribed by this act. Such persons shall execute and acknowledge a certificate of incorporation stating:

(1)the name by which the savings bank shall be known;

(2)the street, street number, if any, and municipality in which the principal office of the savings bank is to be located;

(3)the amount of the capital deposits with which the savings bank will commence business;

(4)the names and addresses of the incorporators;

(5)the number of managers, or that the number of managers shall be not less than a stated minimum or more than a stated maximum;

(6)the names of the persons who will serve as managers until their successors are elected and qualify;

(7)such fiduciary powers, if any, as the sav

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Nine or more persons, of full age, may incorporate a savings bank on the terms and provisions prescribed by this act. Such persons shall execute and acknowledge a certificate of incorporation stating: (1) the name by which the savings bank shall be known; (2) the street, street number, if any, and municipality in which the principal office of the savings bank is to be located; (3) the amount of the capital deposits with which the savings bank will commence business; (4) the names and addresses of the incorporators; (5) the number of managers, or that the number of managers shall be not less than a stated minimum or more than a stated maximum; (6) the names of the persons who will serve as managers until their successors are elected and qualify; (7) such fiduciary powers, if any, as the savings bank shall be authorized to exercise; and (8) such other provisions, not inconsistent with this act, as the incorporators may choose to insert for the regulation of the business and affairs of the savings bank. L. 1948, c. 67, s.7; amended by L. 1987, c. 201, s. 28.