{"data":{"id":"us-nj/n.j.-stat.-17-9a-131.22","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:9A-131.22","heading":"Capital notes issued for cash;  limitation on conversion of convertible capital notes","body":"Capital notes may be issued only for cash.  Convertible capital notes issued  by a bank may be converted only into common stock of the issuing bank or of a  company as such term is defined in P.L.1957, c. 70, s. 1 (C. 17:9A-344), as  amended, owning more than 25% of the capital stock of such bank.\nL.1966, c. 272, s. 3.  Amended by L.1971, c. 188, s. 1, eff. June 2, 1971.","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":"333a1903b0bb87f32eab16b26fd226a39981433a01d8a41ac3c16b3916f597a5","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-9a-131.21","next":"us-nj/n.j.-stat.-17-9a-131.23"},"notice":"GroundRules: Original legal text. Not legal advice."}