{"data":{"id":"us-nj/n.j.-stat.-3b-20-22","jurisdiction":"us-nj","citation":"N.J. Stat. § 3B:20-22","heading":"Authority to exchange or convert","body":"When a bank holding company which is a corporation acquires 80% or more of the outstanding capital stock of a banking institution, any shares of the capital stock of the banking institution held in a trust estate by a fiduciary may be exchanged for or converted into the capital stock of the bank holding company as an incident of the company's acquisition of the shares.\nL.1981, c. 405, s. 3B:20-22, eff. May 1, 1982.","path":["TITLE 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS"],"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":"2fcdf3578a8064d8dfe01b3402afb96427c89a32fb0337bd0dc293a6daaacf70","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-3b-20-21","next":"us-nj/n.j.-stat.-3b-20-23"},"notice":"GroundRules: Original legal text. Not legal advice."}