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Current as of January 01, 2024 | Updated by Findlaw Staff
As used herein, (a) “capital notes” means notes, debentures and other like writings having maturities of more than one year, issued by a bank pursuant to P.L.1966, c. 272 (C.17:9A-131.20 et seq.) and included in the bank's capital funds pursuant to section 10 of P.L.1966, c. 272 (C.17:9A-131.29) to evidence its obligation to repay money borrowed by it; (b) “Commissioner” means the Commissioner of Banking and Insurance; (c) “bank” means those corporations defined as banks in section 1 of the act to which this act is a supplement and does not include savings banks; and (d) “capital funds” means the aggregate of the unimpaired capital stock, surplus, undivided profits and contingent reserves of a bank.
Cite this article: FindLaw.com - New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 9A-131.20 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-17-corporations-and-institutions-for-finance-and-insurance/nj-st-sect-17-9a-131-20/
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