§ 17-16x-1

17:16X-1. Definitions regarding subsidiary mergers 1. For purposes of this act: 'Commissioner' means the Commissioner of Banking and Insurance. 'Financial institution' means a bank, savings bank or savings and loan association. 'Subsidiary' means a corporation, limited liability company, partnership or other entity in which a financial institution owns not less than 80% of that entity's equity. L.2000,c.70,s.1.