New Jersey § 17:9a-147
Full text of New Jersey New Jersey Statutes § 17:9a-147, with citation guidance and answers to common questions.
§ 17:9a-147.
A. The receiving bank shall require each stockholder of each merging bank to surrender
his certificates of capital stock of each such bank, and shall, upon such surrender,
issue or deliver in lieu thereof, certificates for such number of its own shares of
capital stock and such number of shares of capital stock of a company, as such term
is defined in paragraph (3) of section 132 ( C. 17:9A-132 ), and such amount of capital notes or cash, as such stockholder is entitled to receive
pursuant to the terms of the merger agreement. B. The increase in a receiving bank's capital stock resulting from the issuance of
its shares of capital stock in exchange for the shares of capital stock of each merging
bank, or in exchange for convertible capital notes converted into shares of capital
stock pursuant to the merger agreement shall not entitle the stockholders of the receiving
bank to acquire additional shares of capital stock.
Frequently Asked Questions About New Jersey § 17:9a-147
What does New Jersey Statutes § 17:9a-147 cover?
Section 17:9a-147 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-147?
A common citation format is "New Jersey Statutes § 17:9a-147" (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-147 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.