N.J. Admin. Code § 3:32-3.5

Current through Register Vol. 57, No. 1, January 6, 2025

Section 3:32-3.5 - Filings after application approval

(a) Within 60 days after its execution, the directors shall submit a certificate of incorporation for any subsidiary capital stock state association setting forth the following:

1. The name by which the subsidiary capital stock state association shall be known;

2. The street, street number and municipality in which the principal office of the subsidiary capital stock state association is to be located;

3. The names and addresses of the directors of the mutual state association holding company who will be the incorporators of the subsidiary capital stock state association;

4. The number of directors on the board of directors;

5. The names of the persons who will serve as directors until their successors are elected and qualified;

6. The amount of capital stock, the number of shares into which it is divided, and the par value of each share, not less than a majority of the total outstanding shares of which will be held in the name of the mutual state association holding company; and

7. The amount of surplus with which the subsidiary capital stock state association will commence business.

N.J. Admin. Code § 3:32-3.5

New Rule, R.1998 d.559, effective 12/7/1998.
See: 30 New Jersey Register 3124(a), 30 New Jersey Register 4209(a).
Former N.J.A.C. 3:32-3.5, Board of Directors, recodified to N.J.A.C. 3:32-3.6.