17:17B-7 - Exemption of certain equity securities - New Jersey Statutes

17:17B-7.  Exemption of certain equity securities
    The provisions of sections 1, 2, and 3 of this act shall not apply to equity  securities of a domestic stock insurance company if (a) such securities shall  be registered, or shall be required to be registered, pursuant to section 12 of  the Securities Exchange Act of 1934, as amended, or if (b) such domestic stock  insurance company shall not have any class of its equity securities held of  record by 100 or more persons on the last business day of the year next  preceding the year in which equity securities of the company would be subject  to the provisions of sections 1, 2, and 3 of this act except for the provisions  of this subsection (b).

     L.1965, c. 57, s. 7.