New Jersey Revised Statutes § 17:16x-1 - Definitions Regarding Subsidiary Mergers

17:16X-1. Definitions regarding subsidiary mergers
1.For purposes of this act:

"Commissioner" means the Commissioner of Banking and Insurance.

"Financial institution" means a bank, savings bank or savings and loan association.

"Subsidiary" means a corporation, limited liability company, partnership or other entity in which a financial institution owns not less than 80% of that entity's equity.


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Last modified: October 11, 2016