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Code · New Jersey · Title 17 — Notice and Publication · Chapter 9A

17:9A-8.12 Savings bank laws control

114 words·~1 min read·/nj/title-17/chapter-9a/17-9a-8-12·

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12. All other powers, rights, and privileges not expressly provided for in this act shall be governed by the laws of this State relating to savings banks. If a capital stock savings bank engages in an activity pursuant to the authority of this act, or any other act, which is governed by a statute originally applicable to mutual savings banks, "manager" shall mean "director." In any case where any power of investment of a mutual savings bank is limited to a percentage of its capital deposits or surplus, any limitation upon a stock savings bank shall be expressed in terms of total capital funds, as defined by the commissioner by regulation.
L.1982,c.9,s.12; amended 1992,c.187,s.4.
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