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§ 17-9a-131-20 — New Jersey Law | CourtGPT
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New Jersey Legal Code

§ 17-9a-131-20

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17:9A-131.20 Definitions. 1. As used herein, (a) 'capital notes' means notes, debentures and other like writings having maturities of more than one year, issued by a bank pursuant to P.L.1966, c.272 (C.17:9A-131.20 et seq.) and included in the bank's capital funds pursuant to section 10 of P.L.1966, c.272 (C.17:9A-131.29) to evidence its obligation to repay money borrowed by it; (b) 'Commissioner' means the Commissioner of Banking and Insurance; (c) 'bank' means those corporations defined as banks in section 1 of the act to which this act is a supplement and does not include savings banks; and (d) 'capital funds' means the aggregate of the unimpaired capital stock, surplus, undivided profits and contingent reserves of a bank. L.1966,c.272,s.1; amended 1998, c.47, s.1.