17:16J-10 - Executed merger agreement or plan of acquisition - New Jersey Statutes

17:16J-10.  Executed merger agreement or plan of acquisition
    Each depository which is a party to a supervisory merger or a supervisory acquisition shall submit to the commissioner:  a. an executed merger agreement or plan of acquisition approved by resolution of the board of directors or board of managers;  and b. any other information which the commissioner deems necessary to complete the application for a supervisory merger or a supervisory  acquisition.  Upon the approval of the merger agreement or plan of acquisition  by the commissioner, the merger agreement or plan of acquisition, endorsed by  each party to the merger or acquisition as being duly approved by the board,  shall be filed with the department. Each depository which is a bank, capital  stock savings bank, or capital stock savings and loan association shall mail a  copy of the merger agreement or plan of acquisition to each of its  stockholders.

     L.1982, c. 8, s. 10, eff. March 4, 1982.