Title 17, Title 17: CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

17:16J-13. Effect; merger Upon the merger of one depository institution into another, and after the merger agreement is approved, endorsed and filed: a. The corporate existence of the merging depository shall be merged into that of the receiving depository, and all its rights, pr…

17:16J-14. Foreign depositories; acquisition Any state chartered depository may purchase or otherwise acquire one or more foreign depositories to the same extent and in the same manner that a federally chartered depository having its principal office in this State may purchase or…

17:16J-15. Federally chartered depository; supervisory merger In the case of a supervisory merger, the commissioner may authorize a state chartered depository to merge into, consolidate with, or sell its assets and transfer its liabilities to a federally chartered depository whic…

17:16J-16. Protection of depositors; stockholder voting To protect the interest of the depositors of any depository in a supervisory merger or acquisition, the commissioner may waive the provisions of this or any other law or regulation if he deems it necessary to effectuate the …

17:16J-17. Foreign depository; limitations on acquisition or merger Nothing in this act is intended to authorize the merger by or the acquisition of stock or the assets of a depository by a foreign depository, or a company other than as defined in subsection i. of section 1 of th…

17:16J-18. Commissioner; depository; powers Nothing in this act shall be deemed to limit any power otherwise granted to the commissioner or to any depository by law. L.1982, c. 8, s. 18, eff. March 4, 1982.

17:16J-19. Commissioner; civil liability or penalty The commissioner shall not be subject to any civil liability or penalty nor to any criminal prosecution for any error in judgment or discretion in any action taken or omitted by him in good faith under the provisions of this act…

17:16J-2. Authorization; supervisory acquisition or merger The commissioner may, if he deems it to be in the public interest, authorize a supervisory acquisition by a company or a supervisory acquisition or supervisory merger between two or more depositories under the terms and c…

17:16J-20. Rules and regulations The commissioner may promulgate rules and regulations necessary to effectuate the purposes of this act. L.1982, c. 8, s. 20, eff. March 4, 1982.

17:16J-21. Annual report The commissioner shall provide a written annual report to the chairmen of the Assembly Banking and Insurance Committee and the Senate Labor, Industry and Professions Committee, or their successors, setting forth the nature and general terms and conditions…

17:16J-3. Directing of acquisition or merger; authority of commissioner The commissioner shall have the authority to direct a depository to merge into or be acquired by another depository or a company only if the depository to be merged or acquired meets one of the following test…

17:16J-4. Priority; supervisory acquisition or merger a. The commissioner shall give priority to a proposal for supervisory acquisition of a depository over a proposal for supervisory merger, if the acquisition would be deemed by him to be feasible and to result in the successful…

17:16J-5. Plan; supervisory acquisition; authorization of execution; contents If a supervisory acquisition is to take place, two-thirds of the members of the board of directors or managers of each company or depository which seeks to acquire another depository pursuant to this ac…

17:16J-6. Agreement; supervisory merger; authorization of execution; contents If a supervisory merger pursuant to section 2 or 3 of this act is to take place, two-thirds of the members of the board of directors of a bank, association, or a capital stock association, or two-thirds…

17:16J-7. Mutual depository as party; supervisory merger agreement or plan of acquisition; contents If a mutual depository is a party to a supervisory merger or a supervisory acquisition, the merger agreement or plan of acquisition shall also contain: a. A provision that each dep…

17:16J-8. Liquidated account; merger of mutual depositories In the event of a merger of two mutual depositories or the conversion of a mutual depository to a capital stock depository which is related to a supervisory merger or supervisory acquisition, the merger agreement or plan…

17:16J-9. Methods; supervisory merger A merger agreement shall provide for supervisory mergers by any one, or by any combination of, or by all of the following methods: a. The exchange of shares of capital stock of each merging depository for shares of capital stock of the receiv…