New Jersey § 17:9a-89
Full text of New Jersey New Jersey Statutes § 17:9a-89, with citation guidance and answers to common questions.
§ 17:9a-89.
A. Shares of the capital stock of a bank held in a fiduciary capacity may be voted
in person or by proxy by the fiduciary holding such shares. If a bank holds shares of its own capital stock in a fiduciary capacity, such shares
may be voted and shall be counted in determining the total number of outstanding shares
at any given time. B. If shares of the capital stock of a bank are held in a fiduciary capacity by two
or more fiduciaries, such shares may be represented and voted at any meeting of the
stockholders by any one of such fiduciaries, unless either (1) such fiduciary shall
be acting under an instrument or judgment of court which otherwise directs, or (2)
two or more fiduciaries seek to represent or vote such shares in person or by proxy
in a conflicting manner. If the instrument or judgment of court under which the fiduciaries are acting does
not provide the manner in which such shares shall be represented or voted, and the
cofiduciaries are in disagreement as to such representation or voting, such shares
shall be represented and voted in the manner determined by a majority of the cofiduciaries
and, if they be equally divided, such shares shall not be represented or voted except
pursuant to an order or judgment of a court of competent jurisdiction.
Frequently Asked Questions About New Jersey § 17:9a-89
What does New Jersey Statutes § 17:9a-89 cover?
Section 17:9a-89 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-89?
A common citation format is "New Jersey Statutes § 17:9a-89" (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-89 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.