New Jersey § 17:12b-263
Full text of New Jersey New Jersey Statutes § 17:12b-263, with citation guidance and answers to common questions.
§ 17:12b-263.
After reorganization or conversion pursuant to the provisions of this act, each capital
stock association shall maintain an adequate capital structure appropriate for the
conduct of its business and the protection of its depositors. The adequacy of the capital of a capital stock association shall be determined by
the commissioner after a valuation of the character of management, the liquidity of
assets, history of earnings and the retention thereof, the potential volatility of
the account or deposit structure and with due regard to the association's capacity
to furnish the broadest services to the public. The reserves required by this act and the capital of a capital stock association
resulting from the conversion of a mutual association shall not be less than 5% of
its savings accounts or deposits.
Frequently Asked Questions About New Jersey § 17:12b-263
What does New Jersey Statutes § 17:12b-263 cover?
Section 17:12b-263 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-263?
A common citation format is "New Jersey Statutes § 17:12b-263" (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-263 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.