17:9A-131.20 Definitions.
119 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-131-20·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. As used herein,
(a)"capital notes" means notes, debentures and other like writings having maturities of more than one year, issued by a bank pursuant to P.L.1966, c.272 (C.17:9A-131.20 et seq.) and included in the bank's capital funds pursuant to section 10 of P.L.1966, c.272 (C.17:9A-131.29) to evidence its obligation to repay money borrowed by it;
(b)"Commissioner" means the Commissioner of Banking and Insurance;
(c)"bank" means those corporations defined as banks in section 1 of the act to which this act is a supplement and does not include savings banks; and
(d)"capital funds" means the aggregate of the unimpaired capital stock, surplus, undivided profits and contingent reserves of a bank.
L.1966,c.272,s.1; amended 1998, c.47, s.1.