Section 17:9A-129 - Consideration for preferred stock

NJ Rev Stat § 17:9A-129 (2019) (N/A)
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17:9A-129. Consideration for preferred stock

Except to the extent otherwise expressly provided in this act, no bank shall issue its preferred stock for any consideration other than money.

L.1948, c. 67, p. 281, s. 129.