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NEW JERSEY STATUTES AND CODES

17:9A-209 - Use of capital stock or surplus

17:9A-209.  Use of capital stock or surplus
    A.  No bank shall use any part of its capital stock or surplus paid in pursuant to its certificate of incorporation until it receives a certificate of  authority pursuant to section 14.

    B.  No savings bank shall use any part of its capital deposits paid in pursuant to its certificate of incorporation until it receives a certificate of  authority pursuant to section 14.

     L.1948, c. 67, p. 348, s. 209.
 

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