N.J.S.A. 17:16E-2 — Definitions

17:16E-2. Definitions For the purposes of this act: a. "Financial institution" shall include State or National bank, trust company, savings bank, State or Federal savings and loan association, State or Federal credit union and bank holding company. b. "Municipality" means a municipality located in the State of New Jersey and shall include city, town, township, village, borough, and any municipality governed by a board of commissioners or improvement commission. c. Municipalities shall be considered contiguous when their boundaries touch or coincide at any point. d. Municipalities shall be considered adjacent when they are located in such close proximity to one another or within the same market area as shall be determined to be adjacent by the Commissioner of Banking. e. "Manager" means a member of a board of directors or a member of a board of managers of a savings bank. L.1975, c. 265, s. 2, eff. Jan. 1, 1976.

This is the verbatim text of N.J.S.A. 17:16E-2, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.