{"data":{"id":"us-nj/n.j.-stat.-17-9a-128","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:9A-128","heading":"Priority on dissolution","body":"Upon a bank's dissolution in any manner, the holders of preferred stock shall be entitled to receive in full the amount specified in the certificate of  incorporation or merger agreement providing for the issuance of preferred stock, before any distribution is made to the holders of common stock.\nL.1948, c. 67, p. 281, s. 128.  Amended by L.1977, c. 417, s. 6, eff. Feb. 24,  1978.","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":"05362803d7e6fae2cc301c4cf35a6021b8076ff387253b0fb67947afb7ca7ccf","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-9a-127","next":"us-nj/n.j.-stat.-17-9a-129"},"notice":"GroundRules: Original legal text. Not legal advice."}