17:9A-131.30 Issuance of capital notes, debentures.
75 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-131-30·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
11. No bank shall hereafter issue capital notes or debentures except pursuant to P.L.1966, c.272 (C.17:9A-131.20 et seq.), provided, however, that P.L.1966, c.272 (C.17:9A-131.20 et seq.) shall not affect the authority of a bank to issue debt, including notes or debentures, under subsection
(3)of section 24 of P.L.1948, c.67 (C.17:9A-24) which debt shall not be included in the bank's capital funds pursuant to section 10 of P.L.1966, c.272 (C.17:9A-131.29).
L.1966,c.272,s.11; amended 1998, c.47, s.2.