New Jersey § 17:9a-6
Full text of New Jersey New Jersey Statutes § 17:9a-6, with citation guidance and answers to common questions.
§ 17:9a-6.
Prior to the time when authorized or unissued shares are issued by a bank, a certificate of amendment made by two officers of the bank, one of whom shall be the president or a vice-president,
shall be filed in the Department of Banking and Insurance . The certificate of amendment shall state (a) the amount of the authorized but unissued stock which will be issued;
(b) the consideration which will be received by the bank on the issuance of such stock;
(c) the date upon which the stock will be issued; and (d) the amount of the bank's
capital stock which will be outstanding, and the amount of its surplus after giving
effect to such issue. A filing shall be deemed approved on the 30th day after receipt by the commissioner,
unless approved or disapproved earlier by the commissioner in writing. Upon approval pursuant to this section, the certificate of incorporation shall thereupon
be amended as set forth in the certificate of amendment. The commissioner may disapprove a filing if the commissioner finds that the issuance
of the stock will be in violation of law or contrary to the public interest or that
the bank's original or amended certificate of incorporation does not provide for authorized
but unissued stock. A certificate filed in the department pursuant to this section shall be deemed for all purposes to be an amending
of the bank's certificate of incorporation with the same effect as if it had been
authorized, executed, approved and filed in such department pursuant to article 19
of P.L.1948, c. 67 ( C.17:9A-116 et seq. ) .
Frequently Asked Questions About New Jersey § 17:9a-6
What does New Jersey Statutes § 17:9a-6 cover?
Section 17:9a-6 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-6?
A common citation format is "New Jersey Statutes § 17:9a-6" (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-6 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.