# N.J. Stat. § 17:9A-6: Capital stock; par value and classes

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-6

## Section

- **Citation:** N.J. Stat. § 17:9A-6
- **Heading:** Capital stock; par value and classes
- **Jurisdiction:** New Jersey
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NJ Code / Title 17 / Chapter 9A / Section 9A-6

## Text

A. Except as otherwise provided in this section the par value of the shares of the capital stock issued by any bank shall be not less than $2.00 per share. B. A bank may create and issue common stock and preferred stock. C. The minimum par value imposed by subsection A of this section shall not apply to stock issued before the effective date of this act. Notwithstanding any other provision of this act, any bank heretofore organized may, in increasing or decreasing its capital stock, or in converting its preferred stock into common stock, assign to its shares the same par value as that assigned to such stock issued and outstanding on the effective date of this act. L.1948, c. 67, p. 183, s. 6. Amended by L.1962, c. 145, s. 1; L.1977, c. 417, s. 1, eff. Feb. 24, 1978.

## Nearby sections

- [N.J. Stat. § 17:9A-1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-1.md)
- [N.J. Stat. § 17:9A-2 Application of act.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-2.md)
- [N.J. Stat. § 17:9A-3 Incorporation; certificate of incorporation; officers, directors and employees as incorporators](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-3.md)
- [N.J. Stat. § 17:9A-4 Capital stock and surplus](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-4.md)
- [N.J. Stat. § 17:9A-5 Reserve for organization expense](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-5.md)
- [N.J. Stat. § 17:9A-6 Capital stock; par value and classes](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-6.md)
- [N.J. Stat. § 17:9A-6.1 Authorized but unissued stock provided for](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-6.1.md)
- [N.J. Stat. § 17:9A-6.2 Certificate of amendment, procedure, filing](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-6.2.md)
- [N.J. Stat. § 17:9A-6.3 Consideration for issue; preemptive rights](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-6.3.md)
- [N.J. Stat. § 17:9A-7 Incorporation of savings bank](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-7.md)
- [N.J. Stat. § 17:9A-8.1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-8.1.md)
- [N.J. Stat. § 17:9A-8.2 Capital stock savings bank incorporation](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-8.2.md)
- [N.J. Stat. § 17:9A-8.4 Application for charter; provisions governing](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-8.4.md)
- [N.J. Stat. § 17:9A-8.5 Provision for authorized but unissued stock](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-8.5.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C9A_S9A-6. Check the current official text before relying on it. Not legal advice.