There is a newer version of the New Jersey Revised Statutes
2016 New Jersey Revised Statutes
Title 17 - Corporations And Institutions For Finance And Insurance
Section 17:9A-129 - Consideration For Preferred Stock
NJ Rev Stat § 17:9A-129 (2016) What's This?
17:9A-129. Consideration for preferred stock
Except to the extent otherwise expressly provided in this act, no bank shall issue its preferred stock for any consideration other than money.
L.1948, c. 67, p. 281, s. 129.
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