Section 17:9A-266 - Definitions

NJ Rev Stat § 17:9A-266 (2019) (N/A)
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17:9A-266. Definitions

For the purposes of this article:

(1) "Bank" shall mean a bank or savings bank;

(2) "Board of directors" shall include the board of directors of a bank, and the board of managers of a savings bank;

(3) "Director" shall include a director of a bank and a manager of a savings bank;

(4) "Assets" or "property" shall include property held in fiduciary capacities; and

(5) The "business" of a bank shall include its fiduciary relationships.

L.1948, c.67,s.266; amended 1976,c.6,s.1.