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§ 17-9a-90-1 — New Jersey Law | CourtGPT
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New Jersey Legal Code

§ 17-9a-90-1

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17:9A-90.1. Voting trusts Agreements hereafter made between two or more of the stockholders of a bank pursuant to which stock of the bank held by them is transferred to or deposited with a trustee or agent for the purpose of vesting in such trustee or agent the right to vote thereon, shall be invalid; provided, that nothing herein contained shall prohibit a stockholder of a bank from depositing stock of a bank with a trustee or agent under the terms of a voting trust agreement presently lawfully in effect. L.1948, c. 67, p. 261, s. 90.1.