Statutes, codes, and regulations
New Jersey Administrative Code
Title 3 - BANKINGChapter 12 - REGISTRAR AND TRANSFER AGENTS
Subchapter 3 - CAPITAL REQUIREMENTS
Section 3:12-3.2 - Restriction on new accounts for deficient capitalization

N.J. Admin. Code § 3:12-3.2

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Current through Register Vol. 56, No. 23, December 2, 2024
Section 3:12-3.2 - Restriction on new accounts for deficient capitalization

A qualified corporation which does not meet the minimum capitalization as required by this chapter shall not enter into a service agreement or contract with a corporate issuer to act as a registrar, transfer agent or fiscal agent. Renewals of existing contracts or agreements are not subject to this regulation.

N.J. Admin. Code § 3:12-3.2

Amended by R.1992 d.242, effective 6/15/1992.
See: 24 New Jersey Register 675(b), 24 New Jersey Register 2242(b).
Revised text.