N.J. Stat. § 17:16X-1

Current through L. 2024, c. 87.
Section 17:16X-1 - Definitions regarding subsidiary mergers

For purposes of this act:

"Commissioner" means the Commissioner of Banking and Insurance.

"Financial institution" means a bank, savings bank or savings and loan association.

"Subsidiary" means a corporation, limited liability company, partnership or other entity in which a financial institution owns not less than 80% of that entity's equity.

N.J.S. § 17:16X-1

L. 2000, c. 70, s. 1.