New Jersey § 17:9a-395
Full text of New Jersey New Jersey Statutes § 17:9a-395, with citation guidance and answers to common questions.
§ 17:9a-395.
The board of directors of the mutual savings bank holding company may, from time to
time, by a majority vote of the directors, divide equitably any surplus which may
be in excess of the amount required for the operations of the mutual savings bank
holding company or to maintain the safety and soundness of the mutual savings bank
holding company, and distribute the same to the respective depositors of its subsidiary
capital stock savings bank or banks, in the manner prescribed by this act, and with
the approval of the commissioner. The commissioner may, if he deems the surplus held by a mutual savings bank holding
company to be excessive, order such a distribution to be made by the directors.
Frequently Asked Questions About New Jersey § 17:9a-395
What does New Jersey Statutes § 17:9a-395 cover?
Section 17:9a-395 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-395?
A common citation format is "New Jersey Statutes § 17:9a-395" (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-395 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.