New Jersey § 17:9a-386
Full text of New Jersey New Jersey Statutes § 17:9a-386, with citation guidance and answers to common questions.
§ 17:9a-386.
a. Any shares in excess of 25% of the outstanding voting shares of a capital stock savings bank which are acquired
in violation of sections 2 through 4 of P.L.1987, c. 201 ( C. 17:9A-383 through 17:9A-385 ) shall not be eligible to be voted and shall not be counted in determining the number
of shares outstanding for the purpose of determining the number or percent of shares
required for shareholder action. b. All shares of stock in a capital stock savings bank shall be registered in the
name of the true owner of the shares, and if held as nominee or in trust or otherwise
for the benefit of any other person, the person listed as registered owner shall disclose
to the capital stock savings bank the names and addresses of all persons who hold
a beneficial interest in the shares on written demand by the capital stock savings
bank.
Frequently Asked Questions About New Jersey § 17:9a-386
What does New Jersey Statutes § 17:9a-386 cover?
Section 17:9a-386 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-386?
A common citation format is "New Jersey Statutes § 17:9a-386" (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-386 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.