Borrowing to be pursuant to act only

N.J.S.A. 17:9A-131.3, under Chapter 9A.

N.J.S.A. 17:9A-131.3

17:9A-131.3. Borrowing to be pursuant to act only

No bank shall borrow money for the purpose of retiring preferred stock except pursuant to this act. L.1953, c. 215, p. 1622, s. 3.