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Current as of January 01, 2024 | Updated by Findlaw Staff
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 receiving or resulting depository;
b. The exchange of shares of capital stock of each merging depository for shares of capital stock of a company;
c. The exchange of shares of capital stock of each merging depository for capital notes or mutual capital certificates of the receiving or resulting depository;
d. The exchange of shares of capital stock of each merging depository for cash or mutual capital certificates received from the receiving or resulting depository or company;
e. The exchange of shares of capital stock of each merging depository for the capital notes of a company when the receiving depository is a subsidiary of the company;
f. The transfer, sale, or exchange of all or any part of the assets of a depository to the receiving depository for cash, capital stock, mutual capital certificates, or accounts;
g. Any other method approved by the commissioner.
Cite this article: FindLaw.com - New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 16J-9 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-17-corporations-and-institutions-for-finance-and-insurance/nj-st-sect-17-16j-9/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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