New Jersey § 17:9a-154
Full text of New Jersey New Jersey Statutes § 17:9a-154, with citation guidance and answers to common questions.
§ 17:9a-154.
Stockholders of a national banking association who do not demand payment for their
shares of stock as specified in section 153, 1 shall become stockholders of the bank, and shall be entitled to receive stock of
the bank in an amount which bears the same ratio to the entire capital stock of the
bank that the stock held by such stockholder in the association bore to the entire
capital stock of the association. In the exchange of stock, the bank may issue preferred stock to those who held preferred
stock in the association, and may provide for such of the priorities and preferences
to which such stock was entitled when held in the association, as may be lawful under
the provisions of this act. 1
N.J.S.A. § 17:9A-153.
Frequently Asked Questions About New Jersey § 17:9a-154
What does New Jersey Statutes § 17:9a-154 cover?
Section 17:9a-154 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-154?
A common citation format is "New Jersey Statutes § 17:9a-154" (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-154 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.