No bank shall borrow money for the purpose of retiring preferred stock except pursuant to this act.
N.J. Stat. Ann. § 17:9A-131.3
Borrowing to be pursuant to act only
Known as the New Jersey Automobile Full Insurance Availability Act
The act spans §§ 17:10B-1 to 17:9A-99 (3,637 sections).
L.1953, c. 215, p. 1622, s. 3.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.