N.J.S.A. 17:9A-209

Use of capital stock or surplus

17:9A-209. Use of capital stock or surplus A. No bank shall use any part of its capital stock or surplus paid in pursuant to its certificate of incorporation until it receives a certificate of authority pursuant to section 14. B. No savings bank shall use any part of its capital deposits paid in pursuant to its certificate of incorporation until it receives a certificate of authority pursuant to section 14. L.1948, c. 67, p. 348, s. 209.

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This is the verbatim text of N.J.S.A. 17:9A-209, 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.