New Jersey § 17:9a-131
Full text of New Jersey New Jersey Statutes § 17:9a-131, with citation guidance and answers to common questions.
§ 17:9a-131.
A. Debentures or capital notes issued pursuant to this act (a) shall be unsecured; and (b) shall provide that the indebtedness evidenced thereby shall be subordinate to
the claims of depositors and all other creditors of the bank, regardless whether the
claims of such depositors or other creditors arose before or after the issuance of
such debentures or capital notes; and (c) shall not confer any voting rights upon the holders thereof under any circumstances;
and (d) shall not be convertible into capital stock. B. Debentures or capital notes issued pursuant to this act, and debentures or capital
notes issued prior to the effective date of this act for the purpose of retiring all
or part of any class or classes of preferred stock issued prior to September 16, 1948,
shall be treated as capital stock for the purposes of sections 24, 51, 52, 62, 69,
72 and 211 of The Banking Act of 1948 (P.L.1948, c. 67). 1 1
N.J.S.A. §§ 17:9A-24, 17:9A-51, 17:9A-52, 17:9A-62, 17:9A-69, 17:9A-72, 17:9A-211.
Frequently Asked Questions About New Jersey § 17:9a-131
What does New Jersey Statutes § 17:9a-131 cover?
Section 17:9a-131 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-131?
A common citation format is "New Jersey Statutes § 17:9a-131" (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-131 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.