17:12B-201 - Recording of agreement - New Jersey Statutes

17:12B-201.  Recording of agreement    Before a merger shall become effective the State associations shall jointly  certify to the commissioner that they have complied with all of the requirements of this act.  The certificate shall be under the hands of the respective presidents and secretaries of the State associations, except that the commissioner shall execute the certificate for any State association whose property and business are in his possession.  The approval of the commissioner of any merger shall be endorsed upon the certificate, which shall be recorded by the clerk of each county where the State associations are located and filed with the department.  Thereupon the merger shall take effect according to its terms and shall be binding upon all members of the State associations so merging.

     L.1963, c. 144, s. 201.