New Jersey § 17:9a-142
Full text of New Jersey New Jersey Statutes § 17:9a-142, with citation guidance and answers to common questions.
§ 17:9a-142.
A. The appraisers shall be sworn to the faithful discharge of their duties. They shall meet at such place or places, and shall give such notice of their meetings
as the court may prescribe. The bank and each stockholder who is a party to the action instituted pursuant to
section one hundred forty-one, 1 may be represented by attorneys in the proceedings before such appraisers, and may
present such evidence to them as shall be material to the issue. The determination of any two of the appraisers shall control. Upon the conclusion of their deliberations, the appraisers shall file in the Superior
Court a report and appraisal of the value of the shares of stock, and shall mail a
copy thereof to the bank and to each stockholder who is a party to said action. B. The bank and each stockholder who is a party to said action shall have ten days
after the filing of the report and appraisal within which to object thereto in the
Superior Court. In the absence of any objections, the report and appraisal shall be binding upon
the bank and upon such stockholders, and the bank shall pay each such stockholder
the value of his shares, as reported by the appraisers, with interest from the date
of the filing of the merger agreement pursuant to section one hundred thirty-seven, 2 at such rate, not in excess of the legal rate, as shall be fixed by the appraisers. If objections are made, the court shall make such order or judgment thereon as shall
be just. C. The Superior Court shall fix the compensation of the appraisers, which shall be
paid by the bank, and shall be vested with full jurisdiction over all matters arising
out of an action instituted pursuant to section one hundred forty-one. In the case of a vacancy in the board of appraisers, the Superior Court shall, on
its own motion, or upon motion of a stockholder, or of the receiving bank, fill such
vacancy. 1
N.J.S.A. § 17:9A-141. 2
N.J.S.A. § 17:9A-137.
Frequently Asked Questions About New Jersey § 17:9a-142
What does New Jersey Statutes § 17:9a-142 cover?
Section 17:9a-142 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-142?
A common citation format is "New Jersey Statutes § 17:9a-142" (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-142 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.