{"data":{"id":"us-nj/n.j.-stat.-17-12b-293","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:12B-293","heading":"Approval of commissioner needed to acquire more than 25% of voting shares","body":"No person shall, without the prior approval of the commissioner, acting directly or indirectly or through or in concert with one or more persons:\na.   Obtain or exercise control of a capital stock state association; or\nb.   Acquire beneficial ownership or control of any voting shares of a capital stock state association, if, after the acquisition, the person would beneficially own or control more than 25% of the then-outstanding voting share of the capital stock state association.\nL.1989,c.165,s.2.","path":["TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE \t\t\tAND INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"d7db3a519d57ecbcf5a865a2fef0cbbea08db4e233b70f59e7d8ec6cdc607240","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-12b-292","next":"us-nj/n.j.-stat.-17-12b-294"},"notice":"GroundRules: Original legal text. Not legal advice."}