New Jersey § 17:9a-389
Full text of New Jersey New Jersey Statutes § 17:9a-389, with citation guidance and answers to common questions.
§ 17:9a-389.
a. The board of managers of the organizing mutual savings bank shall execute a certificate
of incorporation for the mutual savings bank holding company stating: (1) The name by which the mutual savings bank holding company shall be known; (2) The street, street number, and municipality where the principal office of the
mutual savings bank holding company is to be located; (3) The names and addresses of the trustees of the organizing mutual savings bank; (4) The number of trustees of the mutual savings bank holding company; (5) The names of persons who are to act as trustees of the mutual savings bank holding
company, until their successors are elected and qualified; (6) The amount of capital deposits and surplus which are to be transferred from the
organizing mutual savings bank to the mutual savings bank holding company; and (7) Any other provisions as the incorporators of the mutual savings bank holding company
deem necessary, or as are required by the commissioner by regulation. b. The certificate of incorporation of a mutual savings bank holding company shall
provide for the retention of any interests of the respective depositors of the organizing
mutual savings bank in the assets of the organizing mutual savings bank, according
to a fair valuation, including assets which are proposed to be transferred from the
organizing mutual savings bank to the mutual savings bank holding company. c. The certificate of incorporation of the mutual savings bank holding company shall
also provide that a liquidation account shall be established, on terms established
or approved by the commissioner.
Frequently Asked Questions About New Jersey § 17:9a-389
What does New Jersey Statutes § 17:9a-389 cover?
Section 17:9a-389 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-389?
A common citation format is "New Jersey Statutes § 17:9a-389" (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-389 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.