New Jersey § 17:9a-180
Full text of New Jersey New Jersey Statutes § 17:9a-180, with citation guidance and answers to common questions.
§ 17:9a-180.
No savings bank shall make an investment in the stock of any corporation pursuant
to this act, except in investment under section 1(2), hereof, 1 which investments are exempt from the limitations imposed by this section, at any
time when the total of all such investments in stocks of such corporation, issued
or guaranteed, exceeds or if the making of such investment would cause such investment
to exceed two per centum of the total outstanding shares of the guaranteed, or of
the preferred, or of the common stock of such corporation or three per centum of the
surplus (as hereinafter defined) of the savings bank, whichever amount is less. 1
N.J.S.A. § 17:9A-180.5(2).
Frequently Asked Questions About New Jersey § 17:9a-180
What does New Jersey Statutes § 17:9a-180 cover?
Section 17:9a-180 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-180?
A common citation format is "New Jersey Statutes § 17:9a-180" (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-180 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.