17:16J-15 - Federally chartered depository; supervisory merger - New Jersey Statutes

17:16J-15.  Federally chartered depository;  supervisory merger
    In the case of a supervisory merger, the commissioner may authorize a state  chartered depository to merge into, consolidate with, or sell its assets and  transfer its liabilities to a federally chartered depository which has its  principal office in this State, pursuant to the provisions of federal law, and  notwithstanding any restriction or prohibition under the laws of this State.   The provisions of sections 5 through 14 of this act shall not apply to a  supervisory merger pursuant to the provisions of this section.

     L.1982, c. 8, s. 15, eff. March 4, 1982.