N.J. Stat. § 17:16X-1
Definitions regarding subsidiary mergers
New Jersey · New Jersey Statutes Title 17 — Corporations and Institutions for Finance and Insurance · Status: effective
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- N.J. Stat. § 17:16X-1, Definitions regarding subsidiary mergers, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1443531
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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.