New Jersey Statutes 17:12B-288. Insurance required for charter
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 17:12B-288
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
No state association shall be granted a charter by the commissioner on or after the effective date of this act, unless the state association has obtained a commitment for insurance of its accounts by the Federal Savings and Loan Insurance Corporation.
L. 1987, c. 225, s. 8.