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Title: 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

Chapter: 12B - Construction as revision of prior laws

17:12b-1: Construction as revision of prior laws

17:12b-2: Citation

17:12b-3: Application of act

17:12b-3.1: Contracts with association supervisors of other states

17:12b-4: Determination of members' rights and liabilities

17:12b-5: Definitions

17:12b-6: Gross income

17:12b-7: Net income

17:12b-8: Principal office; branch office; auxiliary office; remote service unit

17:12b-9: Agency

17:12b-10: Per capita assets

17:12b-11: Mortgage deemed first lien.

17:12b-12: Purposes

17:12b-13: Persons who may form corporation

17:12b-14: Contents of certificate of incorporation of a mutual association

17:12b-15: Original by-laws

17:12b-16: Application to commissioner for approval

17:12b-17: Notice of application and hearing thereon

17:12b-18: Guaranty account

17:12b-19: Hearing

17:12b-20: Commissioner's findings as to mutual association application

17:12b-21: Commissioner's decision

17:12b-22: Certificate to be filed

17:12b-23: Time limit for commencing business

17:12b-24: Establishment, operation of branch offices by State association

17:12b-24.1: Change of location of office of State association

17:12b-24.2: Powers of out-of-State, State association

17:12b-27.2: Time limit for opening branch office; discontinuance of branch office

17:12b-28: Interchange of principal and branch offices

17:12b-29: Auxiliary offices

17:12b-30: Auxiliary office, establishment, location

17:12b-31: Auxiliary office, permitted business transactions

17:12b-32: Business to be transacted only with persons outside structure

17:12b-33: Property to be used for auxiliary office; parking facilities

17:12b-34: Auxiliary office not deemed branch or limited facility branch office

17:12b-35: Other powers not affected

17:12b-36: Measurement of distances

17:12b-37: Agencies

17:12b-37.1: Remote service units; establishment or use; sharing; regulations

17:12b-38: By-laws

17:12b-38.1: Association official immunity

17:12b-39: Commissioner's approval required

17:12b-40: Change of office location

17:12b-46: Change of name

17:12b-46.1: Definitions relative to emergency closings

17:12b-46.2: Proclamation of emergency

17:12b-46.3: Action by officers after proclamation of emergency

17:12b-46.4: Duration of emergency

17:12b-46.5: Action by officers when no emergency proclaimed

17:12b-46.6: Responsibility of officers

17:12b-46.7: Notice to commissioner

17:12b-46.8: Effect of emergency closing

17:12b-46.9: Associations to be saved harmless

17:12b-46.10: Regulations of the commissioner

17:12b-46.11: Construction of act

17:12b-46.12: Short title

17:12b-47: General powers

17:12b-48: Powers of association

17:12b-49: Rental and maintenance of safe deposit boxes

17:12b-50: Pension plans

17:12b-51: Provisions of pension plan

17:12b-52: Eligibility for pension payments

17:12b-53: Determination of amount; specification in pension plan

17:12b-54: Excess payments; employee contributions

17:12b-55: Death benefits

17:12b-56: Appropriation for payments; merger of associations

17:12b-57: Submission of pension plan for approval of commissioner

17:12b-58: Plans sponsored by federal home loan banks

17:12b-59: Contracts for pension payments to retired officers and employees

17:12b-60: Discontinuance of participation in pension plan

17:12b-61: Transmission of money; money orders; travel checks

17:12b-62: Directors, number, powers.

17:12b-62.1: Association deemed in compliance with prohibition on interlocking relationships

17:12b-63: Director's election; vacancies

17:12b-64: Attorneys; employees

17:12b-65: Officers

17:12b-66: Officers' powers

17:12b-67: Oath of office of directors and officers

17:12b-67.1: Disqualification of officers, directors or employees; conviction of crime; pendency of appeal

17:12b-67.2: Penalty

17:12b-68: Minimum account requirements for directors

17:12b-69: Loans to officers, directors, attorneys or employees

17:12b-70: Default by directors and officers

17:12b-71: Restriction upon purchase of accounts

17:12b-72: Limitation of expenses

17:12b-73: Bonds required; indemnification of officers, directors and employees

17:12b-74: Membership generally

17:12b-75: Plans

17:12b-76: Nonshare plan

17:12b-77: Share plan

17:12b-78: Limitation upon accounts

17:12b-79: Forms of certificate

17:12b-80: Governmental agencies may be members

17:12b-81: Minors

17:12b-82: Membership trust accounts

17:12b-83: Applicability to moneys paid to account by trustee under will, other fiduciary instrument, court order or decree

17:12b-84: Release from claims of fiduciaries, beneficiaries or legal representatives

17:12b-85: Rights of beneficiary on death of fiduciary; effect of laws requiring valid testamentary disposition

17:12b-86: Applicability to federal associations having principal offices in state

17:12b-87: Authority of attorney to manage or make withdrawals from account

17:12b-89: Payment to credit of account of beneficiaries or their order

17:12b-90: Payment to credit of account when beneficiaries under 16 years of age

17:12b-91: Payment when account terminated and one or more beneficiaries under, and one or more beneficiaries over, 16 years of age

17:12b-103: Pledge of account to association

17:12b-106: Acceptance of accounts in name of one or more administrators, custodians, executors, guardians, trustees or other fiduciaries in trust for named benef

17:12b-109: Necessity for actual notice of death or incompetency of savings member

17:12b-110: Transfer of membership

17:12b-111: Lost certificates and account books

17:12b-112: Termination of membership

17:12b-112.1: Savings promotion conducted by savings and loan association.

17:12b-113: Notice to members

17:12b-114: Meeting place

17:12b-115: Meetings

17:12b-116: Quorum

17:12b-117: Confidential relationship of an association to its members

17:12b-118: Procedure to obtain information or communicate with members

17:12b-119: Costs and expenses incidental to application for information; payment by applicant

17:12b-120: Application for communication with other members; preparation and mailing of copies of communication; payment of costs and expenses by applicant

17:12b-121: Application for order requiring state association to grant application for information or to communicate with members

17:12b-122: Hearing before commissioner; designation of time and place; notice; adjournments

17:12b-123: Merits of application; determinations by commissioner

17:12b-124: Decision of commissioner; filing memorandum; notice

17:12b-125: Exclusive procedure; review of commissioner's action; effect of failure to act

17:12b-125.1: Application of sections 118 through 124 to federal associations

17:12b-126: Voting rights of members

17:12b-127: Determination of net income

17:12b-128: General reserve, bad debt reserves and Federal insurance reserve accounts

17:12b-129: Special reserve accounts

17:12b-130: Dividend participation; exceptions

17:12b-131: Undivided profits account

17:12b-132: Restrictions upon reserves and undivided profits account

17:12b-133: Reward profit or bonus plan

17:12b-134: Application for withdrawal

17:12b-135: Cancellation of withdrawal application

17:12b-136: Association operating under Plan 1; payment on presentation of withdrawal application or other notice

17:12b-137: Association operating under other than Plan I; payment on presentation of withdrawal application; other procedure

17:12b-138: Funds required for withdrawals

17:12b-139: Rotation plan

17:12b-140: Payment of withdrawals on other plans and purchase of accounts prohibited; authority of commissioner

17:12b-141: Application of withdrawal value to indebtedness

17:12b-142: Dividend retention

17:12b-143: Restrictions on actions

17:12b-144: Retirement

17:12b-145: Investments authorized

17:12b-145.1: Origination, acquisition of mortgage loans by association

17:12b-155: Procedure for making other loans

17:12b-156: Investments in additional loans

17:12b-157: Property improvement loans without mortgage liens

17:12b-158: Definitions as used in sections 159 through 164 (C. 17:12B-159 through C. 17:12B-164) of this act

17:12b-159: Limitations on such loans

17:12b-160: Charges on such loans

17:12b-162: Schedules of charges

17:12b-163: Rebates on prepayment

17:12b-164: Other charges in connection with loans

17:12b-165: Other investments, securities

17:12b-166: Real estate

17:12b-168: Limitations on amounts of real estate loans and investments

17:12b-169: Restrictions on investments

17:12b-170: Report of financial condition available to members

17:12b-171: Reports to commissioner; violations, penalties.

17:12b-172: Examination, inspection, supervision of associations.

17:12b-173: Exhibition of books, papers, securities, oaths; subpoena

17:12b-174: False testimony; perjury

17:12b-175: Immunity to violator testifying

17:12b-176: Audits

17:12b-177: Commissioner's additional powers

17:12b-178: Order to continue illegal, unsafe practices; violations, penalty

17:12b-179: Grounds for action by commissioner

17:12b-180: Conservation orders

17:12b-181: Action for relief

17:12b-182: Commissioner's authority

17:12b-183: Purpose of possession and operation by commissioner

17:12b-184: Return of management and possession

17:12b-185: Powers of commissioner in possession

17:12b-186: Appointment and compensation of counsel and assistants

17:12b-187: Segregation and application of money paid after commissioner takes possession

17:12b-188: Effect of commissioner's possession on rights of third persons

17:12b-189: Financial statements by commissioner

17:12b-190: Dissolution; Liquidation; Action by members

17:12b-191: Relief in court from commissioner's action

17:12b-192: Disposition of unclaimed funds due to members and creditors

17:12b-193: Liquidation and accounting by commissioner

17:12b-194: Action upon commissioner's refusal to act

17:12b-195: Proceedings before commissioner

17:12b-196: Applications for commissioner's approval

17:12b-197: Bookkeeping methods and accounting practices; destruction of books, records, et cetera

17:12b-198: Authority

17:12b-198.1: Merger between State, out-of-State associations

17:12b-199: Procedure; notice; approval on expedited basis

17:12b-200: Terms

17:12b-201: Recording of agreement

17:12b-202: Application for establishment of section 27 branch office or offices

17:12b-203: Effect of merger

17:12b-204: Bulk transfers

17:12b-205: Certificate of transfer of assets; resultant liquidating corporation

17:12b-206: Purchase of assets; inapplicability of Article X

17:12b-207: Liquidating corporations

17:12b-208: Creditors; claims barred

17:12b-209: Notice of dispute; limitation of action

17:12b-210: Applicability of sections 17:12B-208, 17:12B-209 to indebtedness on loan to enable association to effect sale of assets

17:12b-211: Jurisdiction of Superior Court

17:12b-212: Termination of corporate existence

17:12b-213: "Foreign association" defined

17:12b-214: Business prohibited within State, exceptions

17:12b-215: Violation; penalty

17:12b-216: Filing copy of application and statement of acceptance or rejection

17:12b-217: Terminating insurance

17:12b-218: Powers of commissioner not impaired

17:12b-219: Joint powers with insurance corporation

17:12b-220: Powers of insurance corporation

17:12b-221: Voting rights

17:12b-222: Procedure

17:12b-223: Corporate existence continued upon conversion

17:12b-224: Conversion from Federal to State charter; procedure

17:12b-225: Approval by commissioner; filing of certificate; corporate existence continued

17:12b-226: Fees, charges

17:12b-227: Payment of commissioner's expenses

17:12b-228: Dissolution

17:12b-229: Definition of liquidation

17:12b-230: Continuation of corporate existence

17:12b-231: Trustees; bonds; removal; successors; action by majority

17:12b-232: Liquidation period; extension

17:12b-233: Powers

17:12b-234: Creditors; claims barred

17:12b-235: Application of participation value to indebtedness

17:12b-236: Sinking fund mortgages; extension of time for payment

17:12b-237: Notice to sinking fund mortgagors

17:12b-238: Commissioner's jurisdiction

17:12b-239: Accounting by trustees; examination by commissioner; report to members; notice to creditors

17:12b-240: Jurisdiction of Superior Court; trustees; compensation

17:12b-241: Insured accounts eligible investment for trust and public funds, and savings banks and as security

17:12b-242: Separability; partial invalidity

17:12b-243: Effective date

17:12b-244: Definitions applicable to capital stock associations

17:12b-245: Persons who may incorporate a capital stock association

17:12b-246: Contents of certificate of incorporation of a capital stock association

17:12b-247: Filing of certificate of incorporation of capital stock association

17:12b-248: Capital stock and surplus

17:12b-249: Commissioner's findings as to a capital stock association

17:12b-250: Powers available to capital stock association

17:12b-250.1: Capital stock association official immunity

17:12b-251: Directors' election, vacancies

17:12b-252: Liability of stockholders

17:12b-253: Notice to stockholders

17:12b-254: Meeting place

17:12b-255: Meetings of stockholders

17:12b-256: Quorum for stockholders' meetings

17:12b-257: Voting rights of stockholders

17:12b-258: Reports to stockholders

17:12b-259: Dividends on capital stock

17:12b-260: Books and records of capital stock associations; right of inspection

17:12b-261: Conversion of mutual association to capital stock association

17:12b-262: Plan of conversion

17:12b-263: Adequate reserve and capital requirements

17:12b-264: Power to create, issue capital stock; provision for authorized but unissued stock; certificate of amendment

17:12b-265: Supervision of capital stock associations

17:12b-266: Merger of capital stock associations

17:12b-267: Conversion of a capital stock association into a Federal association

17:12b-268: Conversion of a Federal association into a capital stock association

17:12b-269: Commencement of business of capital stock association

17:12b-270: Dissolution and liquidation of capital stock association

17:12b-271: Construction of inconsistent provisions

17:12b-272: Rules and regulations

17:12b-277: Separability; partial invalidity

17:12b-278: Definitions

17:12b-279: Conditions for acquisition; control

17:12b-280: Acquisitions in other states permitted

17:12b-281: Definitions

17:12b-282: Information to commissioner

17:12b-283: Examination; report

17:12b-284: Notice of proposed acquisition to commissioner

17:12b-285: Fees

17:12b-286: FSLIC insurance required

17:12b-287: Management by commissioner

17:12b-288: Insurance required for charter

17:12b-289: Rules, regulations

17:12b-290: Violations; penalties

17:12b-291: Approval required for use of word "savings bank S.L.A."

17:12b-292: Definitions

17:12b-293: Approval of commissioner needed to acquire more than 25% of voting shares

17:12b-294: Application for approval; hearing; exemption limitations

17:12b-295: Factors used in determining approval

17:12b-296: Shares acquired in violation not counted; shares to be registered

17:12b-297: Cease and desist orders; injunction; penalties

17:12b-298: Formation of mutual state association holding company

17:12b-299: Contents of certificate of incorporation

17:12b-300: Approval of charter

17:12b-301: Powers of mutual state association holding company

17:12b-302: Board of directors

17:12b-303: Powers of board

17:12b-304: Board officers; compensation

17:12b-305: Distribution of surplus

17:12b-306: Retention of interest in assets

17:12b-307: Certificate of incorporation for subsidiary

17:12b-308: Certificate of incorporation, affidavit to commissioner; contents of affidavit

17:12b-309: Charter approval

17:12b-310: Powers of stockholders, board of directors

17:12b-311: Bylaws

17:12b-312: Amendment of certificate of incorporation

17:12b-313: Governance of subsidiary

17:12b-314: Dividends

17:12b-315: Merger

17:12b-316: Merger or purchase or retention of assets and assumption of liabilities

17:12b-317: Alternative to formation of subsidiary

17:12b-318: Contents of amended certificate of incorporation

17:12b-319: Rules, regulations