{"data":{"id":"us-nj/n.j.-stat.-17-9a-27.3","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:9A-27.3","heading":"Definitions","body":"As used in this act, unless the context otherwise requires,\n(a)  \"commissioner\"  means the Commissioner of Banking and Insurance of New  Jersey;\n(b)  \"bank\"  includes banks and savings banks;\n(c)  \"board of directors\"  includes the board of directors of a bank, and the board of managers, or the board of trustees, of a savings bank, but excludes the executive committee of a bank or savings bank:\n(d)  \"predecessor bank\"  includes\n(1) a predecessor bank and a predecessor savings bank as defined in section  16 of the act to which this act is a supplement;  and\n(2) a bank, savings bank and national bank which has been or shall be merged into or consolidated with a bank or savings bank, as the case may be; and\n(3) a bank, savings bank and national bank all or a part of whose business  has been or shall be taken over by a bank or savings bank, as the case may be;\n(e)  \"successor bank\"  includes\n(1) a successor bank and a successor savings bank as defined in section 16  of the act of which this act is a supplement;  and\n(2) a bank and a savings bank into which or with which a bank or banks, savings bank or savings banks, and national bank or national banks have merged or consolidated, or shall merge or consolidate;  and\n(3) a bank and a savings bank which has taken over or shall take over all or a part of the business of a bank or banks, savings bank or savings banks, or  national bank or national banks;\n(f)  \"plan\"  and  \"retirement plan\"  mean a plan which provides for the retirement of officers and employees of a bank or a savings bank, and for the payment to them for life, or for a stated time, of retirement benefits;\n(g)  \"fund\"  and  \"retirement fund\"  mean,\n(1) a fund accumulated or set aside pursuant to paragraphs (a) or (b) of section 8 of this act;  and\n(2) a fund to which contributions are made pursuant to paragraphs (d) and (e) of section 8 of this act;  and\n(3) group annuity or insurance contracts, or both, purchased pursuant to paragraphs (a), (b), (c) or (e) of section 8 of this act;\n(h)  \"employee\"  means persons employed by a bank, and includes officers of  a bank;\n(i)  \"subsidiary\"  means a corporation at least two-thirds of whose outstanding capital stock or securities having voting rights are owned by a bank, and also means an association, trust or other entity in which a bank owns  at least a two-thirds interest.\nL.1953, c. 124, p. 1311, s. 3.","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":"e35e23208d4fb0812de9ad5ec55b812044400a40e5b55144c13ffd8f3db3c1ec","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-9a-27.2","next":"us-nj/n.j.-stat.-17-9a-27.4"},"notice":"GroundRules: Original legal text. Not legal advice."}