Consideration for preferred stock

  1. Law
  2. New Jersey Revised Statutes
  3. Corporations and Institutions for Finance and Insurance
  4. Consideration for preferred stock

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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.


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