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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 9a:
Section: 17:9a-151: Capital stock and surplus
The capital stock and surplus of a bank incorporated pursuant to this article shall be at least equal to the minimum capital stock and surplus required by section 4, and shall be in such greater amount as the commissioner may deem to be necessary in the public interest. The capital stock and surplus of such bank need not be paid in cash, but may consist of assets of the national banking association approved by the commissioner as to value.
L.1948, c. 67, p. 290, s. 151. Amended by L.1951, c. 41, p. 151, s. 5.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:9a-151 (if available):
Court decisions that cite this statute:
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