New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 12B-308

a. That no fee, commission, or other compensation has been received, directly or indirectly, by the mutual state association holding company incorporators or by the subsidiary capital stock state association incorporators in the course of organizing the subsidiary capital stock state association, and that no promotion fees or charges have been provided or are contemplated;

b. A complete disclosure of all fees paid or agreed to be paid in the matter of chartering and organizing the proposed subsidiary capital stock state association;

c. That at least a majority of the shares of the authorized stock of the subsidiary capital stock state association is held by the mutual state association holding company;  and

d. That the subsidiary capital stock state association proposes to: