17:9A-266. Definitions
80 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-266A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purposes of this article:
(1)"Bank" shall mean a bank or savings bank;
(2)"Board of directors" shall include the board of directors of a bank, and the board of managers of a savings bank;
(3)"Director" shall include a director of a bank and a manager of a savings bank;
(4)"Assets" or "property" shall include property held in fiduciary capacities; and
(5)The "business" of a bank shall include its fiduciary relationships.
L.1948, c.67,s.266; amended 1976,c.6,s.1.