17:9A-153 - Rights of dissenting stockholders - New Jersey Statutes

17:9A-153.  Rights of dissenting stockholders    A stockholder of a national banking association which converts into a bank pursuant to this article may make a demand for and receive payment of the value  of his shares in such association in the manner defined, prescribed and limited  by applicable Federal law, and the bank shall make such payment to such  stockholder, and shall pay the costs of appraisal, in the amount and in the  manner required by applicable Federal law.

     L.1948, c. 67, p. 291, s. 153.  Amended by L.1951, c. 41, p. 152, s. 6.