N.J.S.A. 17:9A-202 — Surplus requirements

17:9A-202. Surplus requirements The surplus of the savings bank after the merger shall at least equal the sum of the following: (1) the minimum capital deposits required of a savings bank on its establishment at the location to be occupied by the principal office of the savings bank after the effective date of the merger, as such minimum is specified in section 8, and (2) an amount equal to the minimum surplus as required in subsection D of section 19 for each branch office to be maintained by the savings bank after the effective date of the merger. L.1948, c. 67, p. 343, s. 202. Amended by L.1952, c. 220, p. 756, s. 4.

This is the verbatim text of N.J.S.A. 17:9A-202, 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.