New Jersey Statutes 17:9A-17.1. Definitions
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Terms Used In New Jersey Statutes 17:9A-17.1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
1. As used in this act:
“Corporation” means either a capital stock savings bank or a bank, as the case may be.
“Federal Deposit Insurance Corporation” means the corporation so named, organized pursuant to an Act of Congress, or any federal corporation, instrumentality or agency which succeeds to the powers and functions of the Federal Deposit Insurance Corporation or undertakes to discharge the purpose for which that corporation was created.
L.1992,c.184,s.1.