Statutes > New Jersey Statutes > TITLE 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE > Section 17:9A > 17:9A-131.3 - Borrowing to be pursuant to act only

17:9A-131.3 - Borrowing to be pursuant to act only

17:9A-131.3.  Borrowing to be pursuant to act only
    No bank shall borrow money for the purpose of retiring preferred stock except pursuant to this act.

     L.1953, c. 215, p. 1622, s. 3.