17:9A-131.25 - Convertible capital notes; issuance pursuant to amendment of certificate of incorporation of issuing bank - New Jersey Statutes

17:9A-131.25.  Convertible capital notes;  issuance pursuant to amendment of  certificate of incorporation of issuing bank
    Convertible capital notes may not be issued except pursuant to an amendment  of the issuing bank's certificate of incorporation made as provided in article  19 of the act to which this act is a supplement.  Such amendment shall also  make provision for authorized but unissued shares of the bank's capital stock  in an aggregate par value sufficient to effect the conversion of such capital  notes into shares of capital stock according to the provisions of such capital  notes.

     L.1966, c. 272, s. 6.