N.J. Admin. Code § 3:12-3.4

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:12-3.4 - Restriction on capital notes or debentures

For the purposes of meeting minimum capital requirements as prescribed by this Chapter, the total unsecured subordinated capital notes or debentures outstanding shall not exceed the aggregated of capital stock, surplus and undivided profits.