New Jersey § 17:9a-139
Full text of New Jersey New Jersey Statutes § 17:9a-139, with citation guidance and answers to common questions.
§ 17:9a-139.
Upon the merger of 2 or more banks, (1) the corporate existence of each merging bank shall be merged into that of the
receiving bank, and the property and rights of each merging bank shall thereupon vest
in the receiving bank without further act or deed; (2) the receiving bank may, without complying with the requirements of subsection
C of section 19, 1 or the requirements of section 20, 2 establish and maintain its principal office and branch offices at the locations specified
in the merger agreement; (3) the rights and obligations of each merging bank shall become the rights and obligations
of the receiving bank; (4) if the receiving bank is a qualified bank, all fiduciary and agency duties and
relationships of each merging bank shall vest in the receiving bank and be performed
by it in the same manner as though the receiving bank itself originally assumed such
fiduciary and agency duties and relationships; (5) any pending action by or against a merging or receiving bank shall survive the
merger and the receiving bank shall be substituted for the merging bank; (6) the directors named in the agreement of merger shall be the directors of the receiving
bank, to serve until the time when a majority of the directors elected at the annual
meeting following the effective date of the merger, shall have qualified. 1
N.J.S.A. § 17:9A-19. 2
N.J.S.A. § 17:9A-20.
Frequently Asked Questions About New Jersey § 17:9a-139
What does New Jersey Statutes § 17:9a-139 cover?
Section 17:9a-139 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-139?
A common citation format is "New Jersey Statutes § 17:9a-139" (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-139 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.