17:9A-8.12 - Savings bank laws control - New Jersey Statutes

17:9A-8.12   Savings bank laws control      12.  All other powers, rights, and privileges not expressly provided for in this act shall be governed by the laws of this State relating to savings banks.  If a capital stock savings bank engages in an activity pursuant to the authority of this act, or any other act, which is governed by a statute originally applicable to mutual savings banks, "manager" shall mean "director."  In any case where any power of investment of a mutual savings bank is limited to a percentage of its capital deposits or surplus, any limitation upon a stock savings bank shall be expressed in terms of total capital funds, as defined by the commissioner by regulation. 

   L.1982,c.9,s.12; amended 1992,c.187,s.4.