17:9A-131.29 - Inclusion of amount owing on capital notes in bank's capital funds - New Jersey Statutes

17:9A-131.29.  Inclusion of amount owing on capital notes in bank's capital  funds
    The principal amount owing on all capital notes of a bank at any time outstanding, whether issued by the bank pursuant to this act, or issued as capital notes or debentures before the effective date of this act with the approval of the commissioner, or issued as an incident of a merger effected pursuant to article 21 (C. 17:9A-132 to 17:9A-148) of The Banking Act of 1948, P.L.1948, c. 67, shall be included with the amount of the bank's capital funds for the purpose of determining the limitations on liability to a bank pursuant to article 13 of the act to which this act is a supplement.

     L.1966, c. 272, s. 10.  Amended by L.1977, c. 416, s. 1, eff. Feb. 24, 1978.