N.J.S.A. 17:9A-361

Valuation date of fair value

17:9A-361. Valuation date of fair value 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. In determining fair value, there shall be excluded any appreciation or depreciation in value resulting from the consummation of the plan of acquisition. L.1969, c. 118, s. 7, eff. June 30, 1969.

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This is the verbatim text of N.J.S.A. 17:9A-361, 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.