New Jersey Revised Statutes § 17:9a-361 - Valuation Date Of Fair Value

17:9A-361. Valuation date of fair value
For the purposes of this act, the fair value of the shares of a participating bank shall be determined as of the day before the day on which the vote of stockholders of such bank was taken as provided in section 5. In determining fair value, there shall be excluded any appreciation or depreciation in value resulting from the consummation of the plan of acquisition.

L.1969, c. 118, s. 7, eff. June 30, 1969.

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Last modified: October 11, 2016