New Jersey § 17:9a-359
Full text of New Jersey New Jersey Statutes § 17:9a-359, with citation guidance and answers to common questions.
§ 17:9a-359.
(1) If the commissioner approves the plan of acquisition, it shall, within 120 days
after the date of such approval, be submitted to the stockholders of each of the participating
banks at separate meetings called for that purpose upon at least 20 days' notice given
in the manner specified in section 81 of “An act concerning banking and banking institutions
(Revision of 1948), approved April 29, 1948 (P.L.1948, c. 67).” 1 A copy of the plan of acquisition shall be mailed to each stockholder of each participating
bank with the notice of the stockholders' meetings. (2) If the plan is approved by the stockholders of one or more of the participating
banks holding at least 2 / 3 of the capital stock entitled to vote, that fact shall be certified as to each such
bank by its president or a vice-president and the certifications shall be attached
to the plan. The plan shall then be filed in the department, and thereupon it shall become effective
according to its terms as to the acquiring corporation and each participating bank
whose stockholders have approved the plan of acquisition as provided in this section. 1
N.J.S.A. § 17:9A-81.
Frequently Asked Questions About New Jersey § 17:9a-359
What does New Jersey Statutes § 17:9a-359 cover?
Section 17:9a-359 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-359?
A common citation format is "New Jersey Statutes § 17:9a-359" (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-359 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.