17:9A-8.15 - Capital structure; converted bank - New Jersey Statutes

17:9A-8.15.  Capital structure;  converted bank    After conversion pursuant to the provisions of this act, each capital stock  savings bank shall maintain an adequate capital structure appropriate for the  conduct of its business and the protection of its depositors.  The adequacy of  the capital of a capital stock savings bank shall be determined by the  commissioner after an evaluation of the character of management, the liquidity  of assets, a history of earnings and the retention thereof, the potential  volatility of the deposit structure and the capital stock savings bank's  capacity to furnish the broadest services to the public.

     L.1982, c. 9, s. 15, eff. March 4, 1982.