N.J. Stat. § 17:9A-116

Current through L. 2024, c. 87.
Section 17:9A-116 - Nature of amendments

A bank may, by amending its certificate of incorporation in the manner provided by this article,

(1) change its corporate name;
(2) increase its capital stock; except that no amendment of the certificate of incorporation pursuant to this article shall be required when an increase in capital stock results from a stock dividend paid as authorized by subsection C of section 52;
(3) decrease its capital stock;
(4) change the par value of its shares;
(5) assume the authority to exercise any or all of the powers specified in section 28;
(6) relinquish the authority to exercise any or all of the powers specified in section 28;
(7) effect any other object, which, pursuant to any other provision of this act, is required or permitted to be effected by amendment of the certificate of incorporation.

N.J.S. § 17:9A-116

L.1948, c.67, p.274, s.116; amended by L.1955, c.118, p.594, s.2.