Borrowing to be pursuant to act only

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

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.