Use of capital stock or surplus

N.J.S.A. 17:9A-209, under Chapter 9A.

N.J.S.A. 17:9A-209

17:9A-209. Use of capital stock or surplus

A. No bank shall use any part of its capital stock or surplus paid in pursuant to its certificate of incorporation until it receives a certificate of authority pursuant to section 14. B. No savings bank shall use any part of its capital deposits paid in pursuant to its certificate of incorporation until it receives a certificate of authority pursuant to section 14. L.1948, c. 67, p. 348, s. 209.