New Jersey § 17:9a-27

§ 17:9a-27.

As used in this act, 1 unless the context otherwise requires, (a) “commissioner” means the Commissioner of Banking and Insurance of New Jersey; (b) “bank” includes banks and savings banks; (c) “board of directors” includes the board of directors of a bank, and the board

of managers, or the board of trustees, of a savings bank, but excludes the executive

committee of a bank or savings bank: (d) “predecessor bank” includes (1) a predecessor bank and a predecessor savings bank as defined in section 16 of

the act to which this act is a supplement; 2 and (2) a bank, savings bank and national bank which has been or shall be merged into

or consolidated with a bank or savings bank, as the case may be; and (3) a bank, savings bank and national bank all or a part of whose business has been

or shall be taken over by a bank or savings bank, as the case may be; (e) “successor bank” includes (1) a successor bank and a successor savings bank as defined in section 16 of the

act of which this act is a supplement; and (2) a bank and a savings bank into which or with which a bank or banks, savings bank

or savings banks, and national bank or national banks have merged or consolidated,

or shall merge or consolidate; and (3) a bank and a savings bank which has taken over or shall take over all or a part

of the business of a bank or banks, savings bank or savings banks, or national bank

or national banks; (f) “plan” and “retirement plan” mean a plan which provides for the retirement of

officers and employees of a bank or a savings bank, and for the payment to them for

life, or for a stated time, of retirement benefits; (g) “fund” and “retirement fund” mean, (1) a fund accumulated or set aside pursuant to paragraphs (a) or (b) of section 8

of this act; 3 and (2) a fund to which contributions are made pursuant to paragraphs (d) and (e) of section

8 of this act; and (3) group annuity or insurance contracts, or both, purchased pursuant to paragraphs

(a), (b), (c) or (e) of section 8 of this act; (h) “employee” means persons employed by a bank, and includes officers of a bank; (i) “subsidiary” means a corporation at least two-thirds of whose outstanding capital

stock or securities having voting rights are owned by a bank, and also means an association,

trust or other entity in which a bank owns at least a two-thirds interest. 1

N.J.S.A. §§ 17:9A-27.3 to 17:9A-27.27. 2

N.J.S.A. § 17:9A-16. 3

N.J.S.A. § 17:9A-27.8.