17:9A-131.24. Nonconvertible capital notes; issuance pursuant to resolution
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/nj/title-17/chapter-9a/17-9a-131-24·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Nonconvertible capital notes may be issued pursuant to a resolution of a bank's board of directors without action by the bank's stockholders.
L.1966, c. 272, s. 5.