17:16J-9 - Methods; supervisory merger - New Jersey Statutes

17:16J-9.  Methods;  supervisory merger
    A merger agreement shall provide for supervisory mergers by any one, or by any combination of, or by all of the following methods:

    a.  The exchange of shares of capital stock of each merging depository for shares of capital stock of the receiving or resulting depository;

    b.  The exchange of shares of capital stock of each merging depository for shares of capital stock of a company;

    c.  The exchange of shares of capital stock of each merging depository for capital notes or mutual capital certificates of the receiving or resulting depository;

    d.  The exchange of shares of capital stock of each merging depository for cash or mutual capital certificates received from the receiving or resulting depository or company;

    e.  The exchange of shares of capital stock of each merging depository for the capital notes of a company when the receiving depository is a subsidiary of  the company;

    f.  The transfer, sale, or exchange of all or any part of the assets of a depository to the receiving depository for cash, capital stock, mutual capital certificates, or accounts;

    g.  Any other method approved by the commissioner.

     L.1982, c. 8, s. 9, eff. March 4, 1982.