New Jersey § 17:12b-259
Full text of New Jersey New Jersey Statutes § 17:12b-259, with citation guidance and answers to common questions.
§ 17:12b-259.
The directors of a capital stock association, after payment of interest to depositors
may declare dividends on capital stock from net income, earned surplus or undivided
profits in accordance with the provisions of this act and the bylaws of such association,
provided that before and following the declaration of any such dividend, a capital
stock association shall have reserve required by this act, including reserves and
net worth which are in compliance with the regulations of the Federal Savings and
Loan Insurance Corporation.
Frequently Asked Questions About New Jersey § 17:12b-259
What does New Jersey Statutes § 17:12b-259 cover?
Section 17:12b-259 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 § 17:12b-259?
A common citation format is "New Jersey Statutes § 17:12b-259" (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 § 17:12b-259 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.