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2017 New Jersey Revised Statutes
TITLE 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Section 17:16X-1 - Definitions regarding subsidiary mergers
Universal Citation: NJ Rev Stat § 17:16X-1 (2017)
17:16X-1. Definitions regarding subsidiary mergers
1. For purposes of this act:
"Commissioner" means the Commissioner of Banking and Insurance.
"Financial institution" means a bank, savings bank or savings and loan association.
"Subsidiary" means a corporation, limited liability company, partnership or other entity in which a financial institution owns not less than 80% of that entity's equity.
L.2000,c.70,s.1.
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