Section 17:16J-9 - Methods; supervisory mergerA merger agreement shall provide for supervisory mergers by any one, or by any combination of, or by all of the following methods:
a. The exchange of shares of capital stock of each merging depository for shares of capital stock of the receiving or resulting depository;b. The exchange of shares of capital stock of each merging depository for shares of capital stock of a company;c. The exchange of shares of capital stock of each merging depository for capital notes or mutual capital certificates of the receiving or resulting depository;d. The exchange of shares of capital stock of each merging depository for cash or mutual capital certificates received from the receiving or resulting depository or company;e. The exchange of shares of capital stock of each merging depository for the capital notes of a company when the receiving depository is a subsidiary of the company;f. The transfer, sale, or exchange of all or any part of the assets of a depository to the receiving depository for cash, capital stock, mutual capital certificates, or accounts;g. Any other method approved by the commissioner.L.1982, c.8, s.9, eff. 3/4/1982.