New Jersey § 17:9a-51
Full text of New Jersey New Jersey Statutes § 17:9a-51, with citation guidance and answers to common questions.
§ 17:9a-51.
Whenever a bank's surplus at the close of any period for which it shall have determined
its net profits pursuant to section 50 1 is not equal to fifty per centum of its capital stock, the bank shall promptly thereafter
transfer to surplus not less than ten per centum of its net profits for such period,
determined as provided in section 50. Nothing in this section shall require a transfer to surplus in excess of an amount
sufficient to increase the bank's surplus to fifty per centum of its capital stock. 1
N.J.S.A. § 17:9A-50.
Frequently Asked Questions About New Jersey § 17:9a-51
What does New Jersey Statutes § 17:9a-51 cover?
Section 17:9a-51 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-51?
A common citation format is "New Jersey Statutes § 17:9a-51" (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-51 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.