New Jersey Administrative Code
Title 3 - BANKING
Chapter 32 - CONVERSIONS OF ASSOCIATIONS
Subchapter 3 - MUTUAL STATE ASSOCIATION HOLDING COMPANIES
Section 3:32-3.5 - Filings after application approval
Universal Citation: NJ Admin Code 3:32-3.5
Current through Register Vol. 56, No. 18, September 16, 2024
(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.
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