New Jersey § 17:9a-397
Full text of New Jersey New Jersey Statutes § 17:9a-397, with citation guidance and answers to common questions.
§ 17:9a-397.
The directors of a mutual savings bank holding company which has been established
pursuant to sections 7 through 15 of this act 1 may apply to the commissioner to incorporate a capital stock savings bank in accordance
with this section through section 24 of this act, 2 as a subsidiary of the mutual savings bank holding company. They shall issue a certificate of incorporation stating: a. The name by which the subsidiary capital stock savings bank shall be known; b. The street, street number and municipality in which the principal office of the
subsidiary capital stock savings bank is to be located; c. The names and addresses of the directors of the mutual savings bank holding company
who will be the incorporators of the subsidiary capital stock savings bank; d. The number of directors on the board of directors; e. The names of the persons who will serve as directors until their successors are
elected and qualified; f. The amount of capital stock, the number of shares into which it is divided, and
the par value of each share, not less than a majority of the total outstanding shares
of which shall be held in the name of the mutual savings bank holding company; and g. The amount of surplus with which the subsidiary capital stock savings bank will
commence business. 1
N.J.S.A. §§ 17:9A-388 to 17:9A-396. 2
N.J.S.A. § 17:9A-405.
Frequently Asked Questions About New Jersey § 17:9a-397
What does New Jersey Statutes § 17:9a-397 cover?
Section 17:9a-397 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-397?
A common citation format is "New Jersey Statutes § 17:9a-397" (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-397 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.