New Jersey § 17:9a-367
Full text of New Jersey New Jersey Statutes § 17:9a-367, with citation guidance and answers to common questions.
§ 17:9a-367.
(1) A judgment for the payment of the fair value of shares shall be payable upon surrender
to the participating bank of the certificate or certificates representing such shares. (2) The judgment shall include an allowance for interest at such rate as the court
finds to be equitable, from the day of the meeting of stockholders of the participating
bank at which the plan of acquisition was approved to the day of payment. If the court finds that the refusal of any dissenting stockholder to accept any
offer of payment made by the participating bank under section 10 1 was arbitrary, vexatious or otherwise not in good faith, no interest shall be allowed
to him. 1
N.J.S.A. § 17:9A-364.
Frequently Asked Questions About New Jersey § 17:9a-367
What does New Jersey Statutes § 17:9a-367 cover?
Section 17:9a-367 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-367?
A common citation format is "New Jersey Statutes § 17:9a-367" (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-367 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.