New Jersey § 17:9a-17
Full text of New Jersey New Jersey Statutes § 17:9a-17, with citation guidance and answers to common questions.
§ 17:9a-17.
The commissioner may approve the conversion of a corporation which does not satisfy
the capital maintenance requirements set forth in subsection c. of section 4 of this
act or which is subject to an outstanding supervisory order, agreement or memorandum
of understanding, as provided by subsection d. of section 4 of this act, 1 relating only to its capital condition, or which fails to meet both requirements,
when the following requirements, in addition to the requirements set forth in section
4 of this act other than the requirements set forth in subsections c. and d. of section
4 relating to the capital condition of the converting corporation have been met: a. Simultaneous with the conversion to a capital stock savings bank or bank the converting
corporation shall merge with and into or be acquired by, a bank, if the conversion
is to a bank; or shall merge with, into or be acquired by a capital stock savings
bank if the conversion is to a capital stock savings bank; and b. The resulting capital stock savings bank or bank immediately after the conversion
and merger or acquisition will satisfy all capital maintenance requirements for capital
stock savings banks or banks, as the case may be, set forth by the Federal Deposit
Insurance Corporation, any other federal regulator and the department. 1
N.J.S.A. § 17:9A-17.4.
Frequently Asked Questions About New Jersey § 17:9a-17
What does New Jersey Statutes § 17:9a-17 cover?
Section 17:9a-17 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 17:9a-17?
A common citation format is "New Jersey Statutes § 17:9a-17" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 17:9a-17 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.