{"data":{"id":"us-nj/n.j.-stat.-17-9a-27.4","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:9A-27.4","heading":"Adoption of plan;  scope of plan","body":"A.  If the original or amended certificate of incorporation of a bank other  than a savings bank so provides, a plan or plans may be adopted and maintained  by such bank pursuant to resolution of its board of directors; otherwise, such  bank may adopt and maintain a plan or plans only with the approval of a  majority in interest of its stockholders.\nB.  A savings bank may adopt and maintain a plan or plans pursuant to a resolution of its board of managers.\nC.  The officers and employees of a subsidiary of a bank may be included in  a retirement plan of a bank with the same effect as if such officers and employees were employed by the bank, or upon such other terms and provisions as  the plan may provide;  but, in such case, all employer contributions and other  employer charges required to be made or paid to a fund by reason of the inclusion of the officers and employees of a subsidiary shall be made or paid by the subsidiary.\nL.1953, c. 124, p. 1312, s. 4.  Amended by L.1962, c. 234, s. 1, eff. Feb. 9,  1963.","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":"e7e7348b5ab14341ce16a0050ad4f0ef2d98b7c0a5789a0078bbd6085c94bc55","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-9a-27.3","next":"us-nj/n.j.-stat.-17-9a-27.5"},"notice":"GroundRules: Original legal text. Not legal advice."}