New Jersey Administrative Code
Title 3 - BANKING
Chapter 12 - REGISTRAR AND TRANSFER AGENTS
Subchapter 3 - CAPITAL REQUIREMENTS
Section 3:12-3.4 - Restriction on capital notes or debentures
Universal Citation: NJ Admin Code 3:12-3.4
Current through Register Vol. 56, No. 18, September 16, 2024
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.
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