17:9A-129. Consideration for preferred stock
30 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-129A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except to the extent otherwise expressly provided in this act, no bank shall issue its preferred stock for any consideration other than money.
L.1948, c. 67, p. 281, s. 129.