{"data":{"id":"us-nj/n.j.-stat.-17-9a-408","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:9A-408","heading":"Amended certificate of incorporation","body":"In the event that the board of managers elects to follow the procedures provided in subsection b. of section 7 of this act, the managers shall, with the approval of the commissioner:\na.   Adopt an amended certificate of incorporation which changes the name of the organizing mutual savings bank and conforms its organization, governance and powers to those prescribed for a mutual savings bank holding company by section 8 and sections 10 through 15 of this act.\nb.   The amended certificate of incorporation adopted pursuant to subsection a. of this section shall state:\n(1)  The amount of capital deposits and surplus which are to be retained by the organizing mutual savings bank holding company;\n(2)  The amount of assets and liabilities of the organizing mutual savings bank that are to be transferred to the subsidiary capital stock savings bank; and\n(3)  A means of retaining any interests of the respective depositors of the organizing mutual savings bank in the assets of the organizing mutual savings bank, according to a fair valuation, including assets which are proposed to be retained by the organizing mutual savings bank holding company.\nL. 1987, c. 201, s. 27.","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":"49e8dd8e69d50951b2db4938dd2d6e69949d092701d0e93a954496b3ea1e970e","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-9a-407","next":"us-nj/n.j.-stat.-17-9a-409"},"notice":"GroundRules: Original legal text. Not legal advice."}