17:16J-9 - Methods; supervisory merger - New-jersey Statutes

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Statutes > New-jersey > Title-17 > Section-17-16j > 17-16j-9

17:16J-9. Methods; supervisory merger
    A 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. March 4, 1982.

State Codes and Statutes

Statutes > New-jersey > Title-17 > Section-17-16j > 17-16j-9

17:16J-9. Methods; supervisory merger
    A 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. March 4, 1982.

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State Codes and Statutes

Statutes > New-jersey > Title-17 > Section-17-16j > 17-16j-9

17:16J-9. Methods; supervisory merger
    A 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. March 4, 1982.