{"data":{"id":"us-nj/n.j.-stat.-17-12b-307","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:12B-307","heading":"Certificate of incorporation for subsidiary","body":"The directors of a mutual state association holding company which has been established pursuant to sections 7 through 15 of this act may apply to the commissioner to incorporate a capital stock state association in accordance with this section through section 24 of this act, as a subsidiary of the mutual state association holding company.  They shall issue a certificate of incorporation stating:\na.   The name by which the subsidiary capital stock state association shall be known;\nb.   The street, street number and municipality in which the principal office of the subsidiary capital stock state association is to be located;\nc.   The names and addresses of the directors of the mutual state association holding company who will be the incorporators of the subsidiary capital stock state association;\nd.   The number of directors on the board of directors;\ne.   The names of the persons who will serve as directors until their successors are elected and qualified;\nf.   The amount of capital stock, the number of shares into which it is divided, and the par value of each share, not less than a majority of the total outstanding shares of which shall be held in the name of the mutual state association holding company; and\ng.   The amount of surplus with which the subsidiary capital stock state association will commence business.\nL.1989,c.165,s.16.","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":"cabaddbf42e17f4e4bdbb418b337fe10322a034007e6bedec1010cc9929f2d49","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-12b-306","next":"us-nj/n.j.-stat.-17-12b-308"},"notice":"GroundRules: Original legal text. Not legal advice."}