New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 12B-317

As an alternative to the formation of a subsidiary capital stock state association pursuant to the provisions of sections 16 through 24 of this act,  1 an organizing mutual state association which has established a mutual state association holding company pursuant to sections 7 through 15 of this act   2 may, in accordance with a plan approved by the commissioner, convert to a capital stock state association pursuant to the provisions of P.L.1974, c. 137 (C.17:12B-244 et seq.), except that: