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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

    Chapter 16M:

      Section: 17:16M-8: Conversion of savings bank to State association

           Any savings bank chartered pursuant to the laws of this State may apply to the commissioner to convert to a State association by complying with the procedures and standards set forth in rules and regulations promulgated by the commissioner pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.). These procedures and standards shall be at least equivalent to those established in sections 2 through 7 of this act concerning conversion of a State association into a savings bank, and may include any additional procedures and standards the commissioner may establish by regulation.

L.1991,c.42,s.8.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 17:16M-8 (if available):



Court decisions that cite this statute: CLICK HERE.