State Codes and Statutes
Statutes > New-jersey > Title-17 > Section-17-16x > 17-16x-117:16X-1. Definitions regarding subsidiary mergers
1.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.
L.2000,c.70,s.1.
