New Jersey Revised Statutes § 17:9a-151 - Capital Stock And Surplus

17:9A-151. Capital stock and surplus
The capital stock and surplus of a bank incorporated pursuant to this article shall be at least equal to the minimum capital stock and surplus required by section 4, and shall be in such greater amount as the commissioner may deem to be necessary in the public interest. The capital stock and surplus of such bank need not be paid in cash, but may consist of assets of the national banking association approved by the commissioner as to value.

L.1948, c. 67, p. 290, s. 151. Amended by L.1951, c. 41, p. 151, s. 5.

Section: Previous  17-9a-144  17-9a-145  17-9a-146  17-9a-147  17-9a-148  17-9a-149  17-9a-150  17-9a-151  17-9a-152  17-9a-153  17-9a-154  17-9a-154.1  17-9a-155  17-9a-156  17-9a-157  Next

Last modified: October 11, 2016