New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 9A-361

For the purposes of this act, the fair value of the shares of a participating bank shall be determined as of the day before the day on which the vote of stockholders of such bank was taken as provided in section 5.  1 In determining fair value, there shall be excluded any appreciation or depreciation in value resulting from the consummation of the plan of acquisition.