New Jersey § 17:9a-205
Full text of New Jersey New Jersey Statutes § 17:9a-205, with citation guidance and answers to common questions.
§ 17:9a-205.
A. Upon the merger of two or more savings banks (1) the corporate existence of each merging savings bank shall be merged into that
of the receiving savings bank, and the property and rights of each merging savings
bank shall thereupon vest in the receiving savings bank without further act or deed; (2) the receiving savings bank may, upon complying with the requirements of section
202, 1 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 savings bank shall become the rights
and obligations of the receiving savings bank; (4) if the receiving savings bank is a qualified bank, all fiduciary and agency duties
and relationships of each merging savings bank shall vest in the receiving savings
bank and be performed by it in the same manner as though the receiving savings bank
had itself originally assumed such fiduciary and agency duties and relationships; (5) any pending action by or against a merging or receiving savings bank shall survive
the merger and the receiving savings bank shall be substituted for the merging savings
bank. B. As used in this section, (1) “merging savings bank” shall mean a savings bank which is merged into another
savings bank; (2) “receiving savings bank” shall mean a savings bank into which one or more other
savings banks are merged. 1
N.J.S.A. § 17:9A-202.
Frequently Asked Questions About New Jersey § 17:9a-205
What does New Jersey Statutes § 17:9a-205 cover?
Section 17:9a-205 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-205?
A common citation format is "New Jersey Statutes § 17:9a-205" (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-205 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.