N.J. Stat. tit. 17, ch. 12B
N.J. Stat. tit. 17, ch. 12B
in effectContents
section12B-1. Construction as revision of prior lawssection12B-2. Citationsection12B-3. Application of actsection12B-3.1. Contracts with association supervisors of other statessection12B-4. Determination of members' rights and liabilitiessection12B-5. Definitionssection12B-6. Gross incomesection12B-7. Net incomesection12B-8. Principal office; branch office; auxiliary office; remote service unitsection12B-9. Agencysection12B-10. Per capita assetssection12B-11. Mortgage deemed first lien.section12B-12. Purposessection12B-13. Persons who may form corporationsection12B-14. Contents of certificate of incorporation of a mutual associationsection12B-15. Original by-lawssection12B-16. Application to commissioner for approvalsection12B-17. Notice of application and hearing thereonsection12B-18. Guaranty accountsection12B-19. Hearingsection12B-20. Commissioner's findings as to mutual association applicationsection12B-21. Commissioner's decisionsection12B-22. Certificate to be filedsection12B-23. Time limit for commencing businesssection12B-24. Establishment, operation of branch offices by State associationsection12B-24.1. Change of location of office of State associationsection12B-24.2. Powers of out-of-State, State associationsection12B-27.2. Time limit for opening branch office; discontinuance of branch officesection12B-28. Interchange of principal and branch officessection12B-29. Auxiliary officessection12B-30. Auxiliary office, establishment, locationsection12B-31. Auxiliary office, permitted business transactionssection12B-32. Business to be transacted only with persons outside structuresection12B-33. Property to be used for auxiliary office; parking facilitiessection12B-34. Auxiliary office not deemed branch or limited facility branch officesection12B-35. Other powers not affectedsection12B-36. Measurement of distancessection12B-37. Agenciessection12B-37.1. Remote service units; establishment or use; sharing; regulationssection12B-38. By-lawssection12B-38.1. Association official immunitysection12B-39. Commissioner's approval requiredsection12B-40. Change of office locationsection12B-40.1. Failure to open and operate relocated principal office; effectsection12B-45. Failure to open and operate relocated principal office; effectsection12B-46. Change of namesection12B-46.1. Definitions relative to emergency closingssection12B-46.2. Proclamation of emergencysection12B-46.3. Action by officers after proclamation of emergencysection12B-46.4. Duration of emergencysection12B-46.5. Action by officers when no emergency proclaimedsection12B-46.6. Responsibility of officerssection12B-46.7. Notice to commissionersection12B-46.8. Effect of emergency closingsection12B-46.9. Associations to be saved harmlesssection12B-46.10. Regulations of the commissionersection12B-46.11. Construction of actsection12B-46.12. Short titlesection12B-47. General powerssection12B-48. Powers of associationsection12B-49. Rental and maintenance of safe deposit boxessection12B-50. Pension planssection12B-51. Provisions of pension plansection12B-52. Eligibility for pension paymentssection12B-53. Determination of amount; specification in pension plansection12B-54. Excess payments; employee contributionssection12B-55. Death benefitssection12B-56. Appropriation for payments; merger of associationssection12B-57. Submission of pension plan for approval of commissionersection12B-58. Plans sponsored by federal home loan bankssection12B-59. Contracts for pension payments to retired officers and employeessection12B-60. Discontinuance of participation in pension plansection12B-61. Transmission of money; money orders; travel checkssection12B-62. Directors, number, powers.section12B-62.1. Association deemed in compliance with prohibition on interlocking relationshipssection12B-63. Director's election; vacanciessection12B-64. Attorneys; employeessection12B-65. Officerssection12B-66. Officers' powerssection12B-67. Oath of office of directors and officerssection12B-67.1. Disqualification of officers, directors or employees; conviction of crime; pendency of appealsection12B-67.2. Penaltysection12B-68. Minimum account requirements for directorssection12B-69. Loans to officers, directors, attorneys or employeessection12B-70. Default by directors and officerssection12B-71. Restriction upon purchase of accountssection12B-72. Limitation of expensessection12B-73. Bonds required; indemnification of officers, directors and employeessection12B-74. Membership generallysection12B-75. Planssection12B-76. Nonshare plansection12B-77. Share plansection12B-78. Limitation upon accountssection12B-79. Forms of certificatesection12B-80. Governmental agencies may be memberssection12B-81. Minorssection12B-82. Membership trust accountssection12B-83. Applicability to moneys paid to account by trustee under will, other fiduciary instrument, court order or decreesection12B-84. Release from claims of fiduciaries, beneficiaries or legal representativessection12B-85. Rights of beneficiary on death of fiduciary; effect of laws requiring valid testamentary dispositionsection12B-86. Applicability to federal associations having principal offices in statesection12B-87. Authority of attorney to manage or make withdrawals from accountsection12B-89. Payment to credit of account of beneficiaries or their ordersection12B-90. Payment to credit of account when beneficiaries under 16 years of agesection12B-91. Payment when account terminated and one or more beneficiaries under, and one or more beneficiaries over, 16 years of agesection12B-103. Pledge of account to associationsection12B-106. Acceptance of accounts in name of one or more administrators, custodians, executors, guardians, trustees or other fiduciaries in trust for named beneficiarysection12B-109. Necessity for actual notice of death or incompetency of savings membersection12B-110. Transfer of membershipsection12B-111. Lost certificates and account bookssection12B-112. Termination of membershipsection12B-112.1. Savings promotion conducted by savings and loan association.section12B-113. Notice to memberssection12B-114. Meeting place.section12B-115. Meetingssection12B-116. Quorumsection12B-117. Confidential relationship of an association to its memberssection12B-118. Procedure to obtain information or communicate with memberssection12B-119. Costs and expenses incidental to application for information; payment by applicantsection12B-120. Application for communication with other members; preparation and mailing of copies of communication; payment of costs and expenses by applicantsection12B-121. Application for order requiring state association to grant application for information or to communicate with memberssection12B-122. Hearing before commissioner; designation of time and place; notice; adjournmentssection12B-123. Merits of application; determinations by commissionersection12B-124. Decision of commissioner; filing memorandum; noticesection12B-125. Exclusive procedure; review of commissioner's action; effect of failure to actsection12B-125.1. Application of sections 118 through 124 to federal associationssection12B-126. Voting rights of memberssection12B-127. Determination of net incomesection12B-128. General reserve, bad debt reserves and Federal insurance reserve accountssection12B-129. Special reserve accountssection12B-130. Dividend participation; exceptionssection12B-131. Undivided profits accountsection12B-132. Restrictions upon reserves and undivided profits accountsection12B-133. Reward profit or bonus plansection12B-134. Application for withdrawalsection12B-135. Cancellation of withdrawal applicationsection12B-136. Association operating under Plan 1; payment on presentation of withdrawal application or other noticesection12B-137. Association operating under other than Plan I; payment on presentation of withdrawal application; other proceduresection12B-138. Funds required for withdrawalssection12B-139. Rotation plansection12B-140. Payment of withdrawals on other plans and purchase of accounts prohibited; authority of commissionersection12B-141. Application of withdrawal value to indebtednesssection12B-142. Dividend retentionsection12B-143. Restrictions on actionssection12B-144. Retirementsection12B-145. Investments authorizedsection12B-145.1. Origination, acquisition of mortgage loans by associationsection12B-155. Procedure for making other loanssection12B-156. Investments in additional loanssection12B-157. Property improvement loans without mortgage lienssection12B-158. Definitions as used in sections 159 through 164 (C. 17:12B-159 through C. 17:12B-164) of this actsection12B-159. Limitations on such loanssection12B-160. Charges on such loanssection12B-162. Schedules of chargessection12B-163. Rebates on prepaymentsection12B-164. Other charges in connection with loanssection12B-165. Other investments, securitiessection12B-166. Real estatesection12B-168. Limitations on amounts of real estate loans and investmentssection12B-169. Restrictions on investmentssection12B-170. Report of financial condition available to memberssection12B-171. Reports to commissioner; violations, penalties.section12B-172. Examination, inspection, supervision of associations.section12B-173. Exhibition of books, papers, securities, oaths; subpoenasection12B-174. False testimony; perjurysection12B-175. Immunity to violator testifyingsection12B-176. Auditssection12B-177. Commissioner's additional powerssection12B-178. Order to continue illegal, unsafe practices; violations, penaltysection12B-179. Grounds for action by commissionersection12B-180. Conservation orderssection12B-181. Action for reliefsection12B-182. Commissioner's authoritysection12B-183. Purpose of possession and operation by commissionersection12B-184. Return of management and possessionsection12B-185. Powers of commissioner in possessionsection12B-186. Appointment and compensation of counsel and assistantssection12B-187. Segregation and application of money paid after commissioner takes possessionsection12B-188. Effect of commissioner's possession on rights of third personssection12B-189. Financial statements by commissionersection12B-190. Dissolution; Liquidation; Action by memberssection12B-191. Relief in court from commissioner's actionsection12B-192. Disposition of unclaimed funds due to members and creditorssection12B-193. Liquidation and accounting by commissionersection12B-194. Action upon commissioner's refusal to actsection12B-195. Proceedings before commissionersection12B-196. Applications for commissioner's approvalsection12B-197. Bookkeeping methods and accounting practices; destruction of books, records, et ceterasection12B-198. Authoritysection12B-198.1. Merger between State, out-of-State associationssection12B-199. Procedure; notice; approval on expedited basissection12B-200. Termssection12B-201. Recording of agreementsection12B-202. Application for establishment of section 27 branch office or officessection12B-203. Effect of mergersection12B-204. Bulk transferssection12B-205. Certificate of transfer of assets; resultant liquidating corporationsection12B-206. Purchase of assets; inapplicability of Article Xsection12B-207. Liquidating corporationssection12B-208. Creditors; claims barredsection12B-209. Notice of dispute; limitation of actionsection12B-210. Applicability of sections 17:12B-208, 17:12B-209 to indebtedness on loan to enable association to effect sale of assetssection12B-211. Jurisdiction of Superior Courtsection12B-212. Termination of corporate existencesection12B-213. "Foreign association" definedsection12B-214. Business prohibited within State, exceptionssection12B-215. Violation; penaltysection12B-216. Filing copy of application and statement of acceptance or rejectionsection12B-217. Terminating insurancesection12B-218. Powers of commissioner not impairedsection12B-219. Joint powers with insurance corporationsection12B-220. Powers of insurance corporationsection12B-221. Voting rightssection12B-222. Proceduresection12B-223. Corporate existence continued upon conversionsection12B-224. Conversion from Federal to State charter; proceduresection12B-225. Approval by commissioner; filing of certificate; corporate existence continuedsection12B-226. Fees, chargessection12B-227. Payment of commissioner's expensessection12B-228. Dissolutionsection12B-229. Definition of liquidationsection12B-230. Continuation of corporate existencesection12B-231. Trustees; bonds; removal; successors; action by majoritysection12B-232. Liquidation period; extensionsection12B-233. Powerssection12B-234. Creditors; claims barredsection12B-235. Application of participation value to indebtednesssection12B-236. Sinking fund mortgages; extension of time for paymentsection12B-237. Notice to sinking fund mortgagorssection12B-238. Commissioner's jurisdictionsection12B-239. Accounting by trustees; examination by commissioner; report to members; notice to creditorssection12B-240. Jurisdiction of Superior Court; trustees; compensationsection12B-241. Insured accounts eligible investment for trust and public funds, and savings banks and as securitysection12B-242. Separability; partial invaliditysection12B-243. Effective datesection12B-244. Definitions applicable to capital stock associationssection12B-245. Persons who may incorporate a capital stock associationsection12B-246. Contents of certificate of incorporation of a capital stock associationsection12B-247. Filing of certificate of incorporation of capital stock associationsection12B-248. Capital stock and surplussection12B-249. Commissioner's findings as to a capital stock associationsection12B-250. Powers available to capital stock associationsection12B-250.1. Capital stock association official immunitysection12B-251. Directors' election, vacanciessection12B-252. Liability of stockholderssection12B-253. Notice to stockholderssection12B-254. Meeting place.section12B-255. Meetings of stockholderssection12B-256. Quorum for stockholders' meetingssection12B-257. Voting rights of stockholderssection12B-258. Reports to stockholderssection12B-259. Dividends on capital stocksection12B-260. Books and records of capital stock associations; right of inspectionsection12B-261. Conversion of mutual association to capital stock associationsection12B-262. Plan of conversionsection12B-263. Adequate reserve and capital requirementssection12B-264. Power to create, issue capital stock; provision for authorized but unissued stock; certificate of amendmentsection12B-265. Supervision of capital stock associationssection12B-266. Merger of capital stock associationssection12B-267. Conversion of a capital stock association into a Federal associationsection12B-268. Conversion of a Federal association into a capital stock associationsection12B-269. Commencement of business of capital stock associationsection12B-270. Dissolution and liquidation of capital stock associationsection12B-271. Construction of inconsistent provisionssection12B-272. Rules and regulationssection12B-277. Separability; partial invaliditysection12B-278. Definitionssection12B-279. Conditions for acquisition; controlsection12B-280. Acquisitions in other states permittedsection12B-281. Definitionssection12B-282. Information to commissionersection12B-283. Examination; reportsection12B-284. Notice of proposed acquisition to commissionersection12B-285. Feessection12B-286. FSLIC insurance requiredsection12B-287. Management by commissionersection12B-288. Insurance required for chartersection12B-289. Rules, regulationssection12B-290. Violations; penaltiessection12B-291. Approval required for use of word "savings bank S.L.A."section12B-292. Definitionssection12B-293. Approval of commissioner needed to acquire more than 25% of voting sharessection12B-294. Application for approval; hearing; exemption limitationssection12B-295. Factors used in determining approvalsection12B-296. Shares acquired in violation not counted; shares to be registeredsection12B-297. Cease and desist orders; injunction; penaltiessection12B-298. Formation of mutual state association holding companysection12B-299. Contents of certificate of incorporationsection12B-300. Approval of chartersection12B-301. Powers of mutual state association holding companysection12B-302. Board of directorssection12B-303. Powers of boardsection12B-304. Board officers; compensationsection12B-305. Distribution of surplussection12B-306. Retention of interest in assetssection12B-307. Certificate of incorporation for subsidiarysection12B-308. Certificate of incorporation, affidavit to commissioner; contents of affidavitsection12B-309. Charter approvalsection12B-310. Powers of stockholders, board of directorssection12B-311. Bylawssection12B-312. Amendment of certificate of incorporationsection12B-313. Governance of subsidiarysection12B-314. Dividendssection12B-315. Mergersection12B-316. Merger or purchase or retention of assets and assumption of liabilitiessection12B-317. Alternative to formation of subsidiarysection12B-318. Contents of amended certificate of incorporationsection12B-319. Rules, regulations
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026